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PFS insider to sell 7,474 restricted shares via NYSE — Form 144 notice

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Provident Financial Services, Inc. filed a Form 144 notice reporting a proposed sale of 7,474 common shares through Broadridge Corporate Issuer Solutions on the NYSE, with an aggregate market value of $141,183.86 and 79,968 shares outstanding. The securities were acquired as restricted stock awards on 03/02/2025 (6,106 shares), 03/03/2025 (509 shares) and 03/04/2025 (859 shares) as equity compensation. The approximate sale date is listed as 08/21/2025. The filer reports no sales in the past three months and includes the standard representation about absence of undisclosed material information.

Positive

  • Complete disclosure of acquisition dates, quantities, broker, and aggregate value meeting Rule 144 requirements
  • No sales in prior three months reported, indicating this is not part of a pattern of frequent disposals

Negative

  • None.

Insights

TL;DR: Insider plans to sell a small block of recently issued restricted shares; immaterial to overall capitalization.

The filing documents a proposed sale of 7,474 common shares totaling $141,183.86 against 79,968 shares outstanding. The shares were granted as restricted stock awards across three dates in March 2025 and are slated for sale in August 2025 through Broadridge. This appears to be a routine post-vesting disposition of equity compensation rather than a strategic change in ownership. No prior sales in the last three months are reported.

TL;DR: Filing is a standard Rule 144 notice tied to equity compensation vesting with typical disclosures and broker routing.

The notice lists the broker, acquisition dates, and payment type as equity compensation, fulfilling Rule 144 disclosure requirements. The representation regarding absence of nonpublic material information is present. There are no governance red flags disclosed, such as accelerated insider sales or clustered disposals, and the transaction size is limited relative to outstanding shares.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

What does Provident Financial Services (PFS) report in this Form 144?

The filing reports a proposed sale of 7,474 common shares with aggregate market value $141,183.86, to be sold on 08/21/2025 via Broadridge on the NYSE.

How were the shares acquired that are being sold under the Form 144?

All shares were acquired as restricted stock awards issued as equity compensation on 03/02/2025, 03/03/2025, and 03/04/2025.

Does the filing show any securities sold by the filer in the past three months?

No. The Form 144 explicitly states Nothing to Report for securities sold during the past three months.

Through which broker and exchange will the proposed sale occur?

The notice lists Broadridge Corporate Issuer Solutions as the broker and the NYSE as the exchange.

What representation does the filer make about material nonpublic information?

By signing, the filer represents they do not know any material adverse information about the issuer that has not been publicly disclosed.
Provident Finl

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2.68B
126.92M
2.98%
72.06%
2.55%
Banks - Regional
Savings Institution, Federally Chartered
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United States
JERSEY CITY