Provident Financial (NYSE: PFS) EVP reports stock grant and tax withholding
Rhea-AI Filing Summary
Provident Financial Services executive James A. Christy, EVP and CRO of Provident Bank, reported a grant of 3,649 shares of Common Stock on May 20, 2026 at no cost, along with a tax-withholding disposition of 1,144 shares at 22.15 per share. After these transactions, he holds 46,083 shares of Common Stock directly and 26,618 shares indirectly through a 401(k) plan. A note states that performance-vesting stock awards granted May 20, 2024 vested based on meeting certain performance criteria.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,505 shares
Net Buy
3 txns
Insider
Christy James A.
Role
EVP, CRO of Provident Bank
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,649 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,144 | $22.15 | $25K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 46,083 shares (Direct);
Common Stock — 26,618 shares (Indirect, By 401(k))
Footnotes (1)
- F1. Performance-vesting stock awards granted May 20, 2024 which vested based on meeting certain performance criteria.
Key Figures
Stock grant: 3,649 shares
Tax-withholding shares: 1,144 shares
Tax-withholding price: 22.15 per share
+2 more
5 metrics
Stock grant
3,649 shares
Non-derivative Common Stock acquired on May 20, 2026
Tax-withholding shares
1,144 shares
Common Stock disposed to satisfy tax obligations at 22.15 per share
Tax-withholding price
22.15 per share
Per-share value for 1,144 shares withheld on May 20, 2026
Direct holdings after transactions
46,083 shares
Direct Common Stock position reported for James A. Christy
Indirect 401(k) holdings
26,618 shares
Common Stock held indirectly through a 401(k) plan
Key Terms
tax-withholding disposition, performance-vesting stock awards, non-derivative, 401(k)
4 terms
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
performance-vesting stock awards financial
"Performance-vesting stock awards granted May 20, 2024"
non-derivative financial
"transaction_type: non-derivative"
401(k) financial
"nature_of_ownership: By 401(k)"
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transactions did EVP James A. Christy report in the PFS Form 4?
EVP James A. Christy reported a grant of 3,649 shares of Common Stock at no cost and a tax-withholding disposition of 1,144 shares at 22.15 per share on May 20, 2026, reflecting stock-based compensation activity.
Were James A. Christys PFS transactions made under a Rule 10b5-1 plan?
The filings Rule 10b5-1 checkbox is not affirmed, so the transactions are not reported as undertaken pursuant to a Rule 10b5-1 trading plan, and no footnote describes these specific trades as pre-arranged under such a plan.