Provident Financial (NYSE: PFS) EVP gets stock award, covers taxes with shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Provident Financial Services EVP Valerie O. Murray reported a mix of equity compensation and related tax transactions in company common stock. On March 3, she acquired 3,380 shares through a grant/award that vested based on performance criteria. To cover tax obligations, she disposed of 2,469 shares in three tax-withholding transactions on March 3 and March 4 at prices around $21.42–$21.55 per share. After these moves, she directly owns 75,022 common shares, with additional indirect holdings of 30,806 shares in a 401(k) plan and 500 shares in an IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Murray Valerie O
Role
EVP & Chief Wealth Mgmt Off
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 562 | $21.55 | $12K |
| Tax Withholding | Common Stock | 774 | $21.42 | $17K |
| Grant/Award | Common Stock | 3,380 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,133 | $21.42 | $24K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 75,022 shares (Direct);
Common Stock — 0 shares (Indirect, By ESOP)
Footnotes (1)
- Performance-vesting stock awards granted March 3, 2023 which vested based on meeting certain performance criteria. Reflects transfer of 11,262 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.
FAQ
What insider transactions did PFS executive Valerie O. Murray report?
Valerie O. Murray reported a performance-based stock award of 3,380 common shares and three related tax-withholding dispositions totaling 2,469 shares. These transactions reflect equity compensation vesting and shares withheld to satisfy tax obligations.
What performance-based award did Valerie O. Murray receive at Provident Financial (PFS)?
Murray received 3,380 performance-vesting stock awards that were granted on March 3, 2023 and vested after meeting specified performance criteria. The vesting of these awards increased her direct ownership of Provident Financial common stock.