Provident Financial (NYSE: PFS) exec sells 20,000 shares in $487K trade
Rhea-AI Filing Summary
PROVIDENT FINANCIAL SERVICES INC (PFS) reported an insider transaction by Vito Giannola, EVP & CRBO of Provident Bank. On 2026-08-18 he sold 20,000 shares of common stock in an open-market or private transaction at $24.36 per share, leaving 56,424 shares held directly. He also reports indirect holdings of 2,752 shares in a 401(k) account, which reflect transactions not required to be reported under Section 16, and 13,900 shares in an IRA, which reflect dividend reinvestment transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 20,000 shares
Net Sell
3 txns
Insider
Giannola Vito
Role
EVP & CRBO of provident Bank
Sold
20,000 shs ($487K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 20,000 | $24.36 | $487K |
| holding | Common Stock F1 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 56,424 shares (Direct);
Common Stock — 2,752 shares (Indirect, By 401(k));
Common Stock — 13,900 shares (Indirect, By IRA)
Footnotes (2)
- F1. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
- F2. Reflects dividend reinvestment transactions
Key Figures
Shares sold: 20,000 shares
Sale price: $24.36 per share
Estimated transaction value: $487,200
+3 more
6 metrics
Shares sold
20,000 shares
Common Stock sale by Vito Giannola on 2026-08-18
Sale price
$24.36 per share
Per-share price for the 20,000-share sale of Common Stock
Estimated transaction value
$487,200
20,000 shares sold at $24.36 per share
Direct holdings after transaction
56,424 shares
Direct Common Stock ownership by Vito Giannola after sale
Indirect 401(k) holdings
2,752 shares
Common Stock held indirectly by 401(k), reflecting transactions not required under Section 16
Indirect IRA holdings
13,900 shares
Common Stock held indirectly by IRA, reflecting dividend reinvestment transactions
Key Terms
Section 16 of the Securities Exchange Act of 1934, dividend reinvestment transactions, indirect, 401(k), +1 more
5 terms
Section 16 of the Securities Exchange Act of 1934 regulatory
"Reflects transactions not required to be reported pursuant to Section 16 of the Securities"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
dividend reinvestment transactions financial
"Reflects dividend reinvestment transactions"
indirect financial
"Common Stock held indirectly By 401(k)"
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.
IRA financial
"nature_of_ownership By IRA"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
FAQ
What insider transaction did PFS executive Vito Giannola report on this Form 4?
Vito Giannola reported a sale of 20,000 shares of Provident Financial Services Inc. common stock on 2026-08-18 in an open-market or private transaction, as well as updated post-transaction share holdings.
What do the Form 4 footnotes say about the PFS insider’s 401(k) holdings?
The 401(k) holdings footnote states they reflect transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, indicating those underlying movements did not trigger individual Form 4 reporting.
How were the indirect IRA holdings in PFS stock accumulated according to the filing?
The footnote explains the IRA position of 13,900 shares reflects dividend reinvestment transactions. This indicates additional PFS shares in the IRA were acquired through reinvested dividends rather than separate reported purchases.
AI-generated analysis. How Rhea-AI works. Not financial advice.
