Executive at Provident (NYSE: PFS) receives stock awards and delivers shares for taxes
Rhea-AI Filing Summary
Provident Financial Services EVP and CRO James A. Christy reported multiple common stock transactions. On March 3, 2026, he acquired 2,257 and 3,399 shares of common stock at $0.0000 per share as stock awards, described in footnotes as performance-vesting awards granted on March 3, 2023 that vested based on performance criteria and a grant of time-vesting restricted stock that vests 33.3% per year through March 3, 2029.
To cover obligations described as payment of exercise price or tax liability by delivering securities, he disposed of 593 and 708 shares on March 3, 2026 at $21.4200 per share and 410 shares on March 4, 2026 at $21.5500 per share. After these direct transactions, he held 43,578 directly owned shares of common stock as of March 4, 2026. Indirectly, he held 26,618 shares through a 401(k) plan, following an ESOP termination and transfer of 25,808 shares into the 401(k) plan as described in the footnotes.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 410 | $21.55 | $9K |
| Tax Withholding | Common Stock | 593 | $21.42 | $13K |
| Grant/Award | Common Stock | 2,257 | $0.00 | -- |
| Tax Withholding | Common Stock | 708 | $21.42 | $15K |
| Grant/Award | Common Stock | 3,399 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Performance-vesting stock awards granted March 3, 2023 which vested based on meeting certain performance criteria. Grant of shares of time-vesting restricted stock that vest at a rate of 33.3% per year over a period ending March 3, 2029. Reflects transfer of 25,808 shares resulting from termination of ESOP and transfer into 401(k) Plan, and transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.