Provident Financial (NYSE: PFS) EVP receives stock award and tax withholding update

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Provident Financial Services EVP, General Counsel and Secretary Bennett MacDougall reported routine equity compensation and related tax withholding in company stock. He received 7,522 shares of common stock as a grant/award that vested based on performance criteria from awards granted on May 20, 2024. To cover tax obligations, 2,712 shares of common stock were disposed of through a tax-withholding transaction at $22.15 per share, rather than an open-market sale. Following these transactions, MacDougall directly holds 26,901 shares of Provident Financial Services common stock and indirectly holds 1,212 shares through a 401(k) plan.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider MacDougall Bennett

Role EVP, General Counsel, Sec

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	7,522	$0.00	--
Tax Withholding	Common Stock	2,712	$22.15	$60K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 26,901 shares (Direct, null); Common Stock — 1,212 shares (Indirect, By 401(k))

Footnotes (1)

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Key Figures

Stock award granted: 7,522 shares Tax-withholding shares: 2,712 shares Tax-withholding price: $22.15 per share +2 more

5 metrics

Stock award granted 7,522 shares Performance-vesting stock awards vested from May 20, 2024 grant

Tax-withholding shares 2,712 shares Disposed at $22.15 per share to cover tax liability

Tax-withholding price $22.15 per share Price for 2,712-share tax-withholding disposition

Direct holdings after transactions 26,901 shares Common stock directly owned by Bennett MacDougall after Form 4

Indirect 401(k) holdings 1,212 shares Common stock held indirectly through a 401(k) plan

Key Terms

tax-withholding disposition, grant/award acquisition, Performance-vesting stock awards, 401(k)

4 terms

tax-withholding disposition financial

"2,712 shares of common stock were disposed of through a tax-withholding transaction at $22.15 per share"

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.

grant/award acquisition financial

"He received 7,522 shares of common stock as a grant/award that vested based on performance criteria"

Performance-vesting stock awards financial

"Performance-vesting stock awards granted May 20, 2024 which vested based on meeting certain performance criteria"

401(k) financial

"indirectly holds 1,212 shares through a 401(k) plan"

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.

Form 4 Insider Transactions: What Each Field Means →

05/21/2026 - 03:06 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

MacDougall Bennett

(Last)

(First)

(Middle)

239 WASHINGTON STREET

(Street)

JERSEY CITY

NEW JERSEY

07302

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
PROVIDENT FINANCIAL SERVICES INC [ PFS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP, General Counsel, Sec

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/20/2026		A		7,522⁽¹⁾	A	$0	26,901	D
Common Stock	05/20/2026		F		2,712	D	$22.15	24,189	D
Common Stock								1,212	I	By 401(k)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Performance-vesting stock awards granted May 20, 2024 which vested based on meeting certain performance criteria.

Remarks:

	/s/Chao Huang, Pursuant to Power of Attorney	05/21/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did PFS executive Bennett MacDougall report?

Bennett MacDougall reported a grant of 7,522 shares of Provident Financial Services common stock and a tax-withholding disposition of 2,712 shares. These transactions reflect equity compensation vesting and related tax coverage, not open-market buying or selling activity.

Was the PFS insider transaction by Bennett MacDougall a market sale of shares?

No, the 2,712-share disposition by Bennett MacDougall was a tax-withholding transaction at $22.15 per share. Shares were delivered to satisfy tax obligations tied to vested awards, rather than sold in the open market to outside investors.

What type of award did Bennett MacDougall receive from Provident Financial Services (PFS)?

He received 7,522 shares through performance-vesting stock awards that vested after meeting specified performance criteria. The awards were originally granted on May 20, 2024, and vested in 2026, resulting in common stock being issued as compensation.

How many PFS shares does Bennett MacDougall hold after these transactions?

After the reported Form 4 transactions, Bennett MacDougall directly holds 26,901 shares of Provident Financial Services common stock. He also indirectly owns 1,212 additional shares through a 401(k) plan, reflecting retirement-related holdings separate from his direct position.

Does the PFS Form 4 for Bennett MacDougall show any option exercises or derivatives?

The filing does not report any derivative securities or option exercises for Bennett MacDougall. It only details common stock transactions: a performance-based stock award vesting, a related tax-withholding disposition, and an updated 401(k) holding entry.