Douglas L. Kennedy, the CEO of Peapack-Gladstone Financial Corp, brings over 42 years of banking experience to his role. He started leading the company in October 2012, taking it through a period of growth and transformation in the competitive banking...

Douglas L. Kennedy, the CEO of Peapack-Gladstone Financial Corp, brings over 42 years of banking experience to his role. He started leading the company in October 2012, taking it through a period of growth and transformation in the competitive banking industry. His background includes major positions at Capital One, Summit Bank, and Bank of America, giving him a solid foundation in commercial banking. In 2023, his total compensation was around $3 million, driven largely by cash bonuses tied to performance. Kennedy's investments show he believes in the company, as seen in his insider trades that peaked at nearly $10 million in shares by the end of 2022, reflecting a commitment to Peapack-Gladstone's success. Under his leadership, the bank has also focused on acquiring smaller wealth management firms to diversify its service offerings. His contributions and decisions during both good and tough times are shaping the future of Peapack-Gladstone.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Peapack-Gladstone Financial CEOs

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Douglas L. Kennedy

CEO of Peapack-Gladstone Financial

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

CEO of Peapack-Gladstone Financial for

12 years 6 months (Oct 2012 - Present)

Previous Experience

Unknown

Rivals

Competitors/colleagues of Douglas L. Kennedy

F

Van A. Dukeman

CEO of First Busey Corporation

2023 Compensation

Stock

$0.00

Salary

$725.00K

Bonus

$561.88K

Other

$51.10K

Total Holdings

$9.87M

S

Christopher J. McComish

CEO of S&T Bancorp

2023 Compensation

Stock

$150.00K

Salary

$350.00K

Bonus

$70.00K

Other

$20.00K

Total Holdings

$715.40K

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Anthony Labozzetta

CEO of Provident Financial Services

2023 Compensation

Stock

$61.82K

Salary

$818.27K

Bonus

$309.38K

Other

$121.55K

Total Holdings

$8.84M

U

Jeffrey M. Schweitzer

CEO of Univest Financial Corporation

2022 Compensation

Stock

$0.00

Salary

$806.00K

Bonus

$250.57K

Other

$26.25K

Total Holdings

$2.56M

Holdings

See how much did Douglas L. Kennedy make over time.

Douglas L. Kennedy’s insider trading activity illustrates his confidence in Peapack-Gladstone. His holdings peaked around $10 million in late 2022, showcasing a strong investment in his company. In 2019, for instance, his holdings were valued at $4.25 million and fluctuated...

Douglas L. Kennedy’s insider trading activity illustrates his confidence in Peapack-Gladstone. His holdings peaked around $10 million in late 2022, showcasing a strong investment in his company. In 2019, for instance, his holdings were valued at $4.25 million and fluctuated each month, reflecting the stock's lively market activity. However, post-2022, his holdings have seen some decline, with recent values hovering around $8 million to $9 million in 2023. Despite these fluctuations, Kennedy remains a significant shareholder, indicating his long-term belief in the company's potential.

Total Stock Sold

$989.10K

PGC

$989.10K

30,000 PGC shares

What if they kept their stock?

If Douglas L. Kennedy didn't sell their stock, today they would have:
Extra PGC30,000 shares worth $520.50K.
This is -47.38% and $468.60K less than what they got when they sold the stock.

Charitable Transactions

PGC

27,284 shares

PGC

Recent Charitable Transactions

PGC

3,000 shares

PGC

Oct 23, 2024

Charity

PGC

1,072 shares

PGC

May 13, 2024

Charity

PGC

3,000 shares

PGC

Feb 7, 2022

Charity

PGC

4,871 shares

PGC

Dec 16, 2019

Charity

PGC

4,875 shares

PGC

May 3, 2018

Charity

PGC

5,000 shares

PGC

Dec 8, 2017

Charity

Insider Trading

See recent insider trades of Douglas L. Kennedy.

PGC

3,000 shares

PGC

Oct 23, 2024

Charity

PGC

1,072 shares

PGC

May 13, 2024

Charity

PGC

$32.03K

PGC at $32.03/share

Mar 13, 2023

Purchase

PGC

$31.11K

PGC at $31.11/share

May 2, 2022

Purchase

PGC

3,000 shares

PGC

Feb 7, 2022

Charity

PGC

$167.03K

PGC at $33.41/share

Sep 30, 2021

Sale

PGC

$163.06K

PGC at $32.61/share

Sep 17, 2021

Sale

PGC

$165.58K

PGC at $33.12/share

Sep 3, 2021

Sale

PGC

$167.61K

PGC at $33.52/share

Aug 27, 2021

Sale

PGC

$165.08K

PGC at $33.02/share

Aug 13, 2021

Sale

Compensation History

See how much did Douglas L. Kennedy make over time.

In 2023, Douglas Kennedy's total compensation was approximately $3 million, which included a base salary of $500,000. His bonus structure is primarily performance-based, with a bonus of around $370,000 reflecting the company's performance. Kennedy’s pay is designed to motivate and retain top talent, aligning his interests with those of shareholders. It's worth noting that in his early years at Peapack-Gladstone, like 2012, his total compensation was significantly lower due to his transitioning into the role. His current compensation reflects his pivotal role in steering the bank towards growth and stability.

Year

2013

Total Compensation

$746.42K

Salary

$500.00K

Board Justification

The compensation philosophy is designed to attract, retain, and motivate executives while aligning their interests with those of shareholders through performance-based incentives.

Bonus

$225.00K

Board Justification

Cash bonuses awarded based on preliminary 2013 financial results, reflecting achievement of company and individual performance goals.

Other

$21.42K

Board Justification

Includes contributions to 401(k) and other benefits.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2013 as the focus was on cash compensation and performance-based awards.

Performance Metrics

Compensation is tied to the achievement of both company-wide and individual performance goals.

Other Peapack-Gladstone Financial CEOs

Here are other CEOs of Peapack-Gladstone Financial

Frank A. Kissel

Ex-CEO of Peapack-Gladstone Financial

January 1989 - October 2012