Provident Financial (NYSE: PFS) EVP discloses 5,535-share equity position
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Provident Financial Services, Inc. executive Annamaria Vitelli, EVP & Chief Wealth Officer, has filed an initial statement of beneficial ownership. She reports direct ownership of 5,535 shares of common stock, including time-vesting restricted stock awards.
Some of these restricted shares vest at a rate of 33.3% per year over a schedule ending on March 3, 2029, and additional restricted shares vest over a period ending on November 4, 2027. The filing records current holdings rather than a new purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Vitelli Annamaria
Role
EVP & Chief Wealth Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,535 shares (Direct, null)
Footnotes (1)
- Includes shares of time-vesting restricted stock that vest at a rate of 33.3% per year over a period ending March 3, 2029. Includes shares of restricted stock that vest over a period ending on November 4, 2027.
Key Figures
Direct common stock holdings: 5,535 shares
Restricted stock vesting rate: 33.3% per year
2 metrics
Direct common stock holdings
5,535 shares
Beneficial ownership reported on Form 3
Restricted stock vesting rate
33.3% per year
Time-vesting restricted stock through March 3, 2029
Key Terms
Common Stock, time-vesting restricted stock, restricted stock
3 terms
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
time-vesting restricted stock financial
"Includes shares of time-vesting restricted stock that vest at a rate of 33.3% per year"
restricted stock financial
"Includes shares of restricted stock that vest over a period ending on November 4, 2027."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
FAQ
What does Provident Financial (PFS) Form 3 reveal about Annamaria Vitelli?
The Form 3 shows EVP & Chief Wealth Officer Annamaria Vitelli directly holds 5,535 shares of Provident Financial common stock. Her position includes restricted stock awards with vesting schedules running through November 4, 2027 and March 3, 2029, reflecting current equity-based compensation holdings.
Does the Provident Financial (PFS) Form 3 show any recent insider buying or selling?
The Form 3 does not show a specific buy or sell transaction; it records Vitelli’s existing holdings of 5,535 common shares. The filing is an initial beneficial ownership report, including restricted stock that vests over time rather than a market trade disclosure.
What are the vesting terms of Annamaria Vitelli’s restricted stock in Provident Financial (PFS)?
Vitelli’s holdings include time-vesting restricted stock that vests 33.3% per year through March 3, 2029, plus other restricted shares vesting through November 4, 2027. These schedules indicate her equity compensation will convert into fully vested shares gradually over several years.
Is Annamaria Vitelli’s ownership in Provident Financial (PFS) direct or indirect?
The Form 3 indicates Vitelli’s 5,535 Provident Financial common shares are held with direct ownership. Footnotes clarify that this total includes restricted stock awards, but there is no reference to indirect holdings through entities such as trusts or partnerships.