Provident (PFS) EVP/disposal updates ownership; 7,474 shares sold
Rhea-AI Filing Summary
Provident Financial Services insider sale and holdings update. On 08/21/2025, reporting person Vito Giannola, an executive (EVP & CRBO) and director, disposed of 7,474 shares of Provident Financial Services, Inc. (PFS) at a reported price of $18.77 per share. After the transaction, Mr. Giannola beneficially owned 69,766 shares directly and had additional indirect holdings of 1,934 shares through an ESOP and 13,272 shares through an IRA. The filing was signed under power of attorney on 08/21/2025 and notes that the indirect holdings include dividend reinvestment transactions.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine insider disposition by an executive; holdings remain substantial and indirect holdings reflect benefit plans.
The Form 4 discloses a single non-derivative sale of 7,474 shares at $18.77 on 08/21/2025 by an executive who is also a director. Post-sale, the reporting person retains 69,766 shares directly plus 1,934 shares via ESOP and 13,272 via IRA. The filing cites dividend reinvestment as a factor for indirect holdings. This is a straightforward Section 16 disclosure without accompanying material corporate events or derivative activity.
TL;DR: Disclosure meets Section 16 requirements; no governance flag or unusual pattern shown in this filing.
The document is a standard Form 4 reporting a single share disposition and updated beneficial ownership by an EVP and director. The signature was provided by an attorney-in-fact. There are no amendments, derivative positions, or additional transactions reported. The filing includes a remark that dividend reinvestment transactions are reflected in the indirect holdings, which is common for plan-related balances.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 7,474 | $18.77 | $140K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
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