VP promotion - gift from promotee

Just got the call I’ll be promoted to VP this cycle (officially announced in April).

I work with a small IB team (think satellite office) and haven’t seen anyone else been promoted in the office as I’m a recent joiner.

Is it typical to do anything nice for the team, especially for the juniors? Besides just splurging on dinner / drinks one night, do you get a small gift for folks?

Not sure of the etiquette here.

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