Provident Financial Services Form 144: Planned 4K-share insider sale
Rhea-AI Filing Summary
Provident Financial Services, Inc. (PFS) has filed a Form 144 to notify the potential sale of 4,383 common shares through Charles Schwab Corp. on or after 07/28/2025. The proposed transaction equals roughly 0.003% of the 130.66 million shares outstanding and carries an aggregate market value of about $84,186. The seller originally acquired the shares on 06/04/1998 in a pre-IPO investment and reports no other sales in the past three months. A Form 144 is a disclosure requirement only; it does not obligate the insider to complete the sale.
Positive
- None.
Negative
- None.
Insights
TL;DR: Small Form 144; 4,383-share sale is immaterial to PFS valuation.
The filing reflects an insider’s intent to dispose of less than 0.01% of outstanding stock, worth roughly $84 k. Such limited volume is unlikely to affect liquidity, ownership structure, or market perception. With no concurrent negative disclosures and a 27-year holding period, the sale appears to be routine portfolio management rather than a signal on fundamentals. Overall market impact is expected to be neutral.