Provident Financial (NYSE: PFS) insider to sell 20,000 shares
Rhea-AI Filing Summary
PROVIDENT FINANCIAL SERVICES INC (PFS) received a Rule 144 notice from insider Vito Giannola regarding a proposed sale of company stock. The notice covers up to 20,000 shares of common stock, to be sold through Charles Schwab Corp, with an indicated aggregate market value of $487,600.00. The shares derive from a stock grant dated 07/01/2020 classified as equity compensation, with a proposed sale date of 08/18/2026 and listing on the NYSE.
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Key Figures
Shares to be sold: 20,000 shares
Aggregate market value: $487,600.00
CUSIP: 130422618
+3 more
6 metrics
Shares to be sold
20,000 shares
Common stock covered by the Rule 144 notice
Aggregate market value
$487,600.00
Estimated value of 20,000 shares to be sold
CUSIP
130422618
Identifier listed for the common stock in the notice
Grant date
07/01/2020
Date of stock grant classified as equity compensation
Proposed sale date
08/18/2026
Date associated with the planned Rule 144 sale
Exchange
NYSE
Exchange where the common stock is listed for trading
Key Terms
Rule 144, Equity Compensation, Stock Grant
3 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Equity Compensation financial
"20000 | 07/01/2020 | Equity Compensation"
Equity compensation is pay given to employees, executives or contractors in the form of company ownership—such as stock, stock options or restricted shares—rather than just cash. It matters to investors because it can align workers' incentives with shareholders (like paying someone in slices of the same pie they help grow), but it also increases the number of shares outstanding and company expenses, affecting ownership percentages and earnings per share.
Stock Grant financial
"Common | 07/01/2020 | Stock Grant | Issuer"
A stock grant is an award of company shares given to an individual, often as part of compensation for employees or executives. It matters to investors because grants can change the number of shares outstanding (dilution) and signal how company leaders are being paid and motivated—think of it like receiving a slice of the company as part of your paycheck, which can affect ownership and future share supply.
FAQ
What insider transaction did PFS disclose in this Form 144 filing?
The filing reports that Vito Giannola intends to sell up to 20,000 shares of PROVIDENT FINANCIAL SERVICES INC common stock under Rule 144. The shares are planned to be sold through Charles Schwab on the NYSE.
AI-generated analysis. How Rhea-AI works. Not financial advice.