Provident (PFS) chair clears 76,327 stock options at $22.05 avg
Rhea-AI Filing Summary
Provident Financial Services Executive Chairman Christopher P. Martin, who also serves as a director, reported an insider transaction dated January 30, 2026. He exercised and settled 76,327 stock options in a transaction coded "M," with a weighted average price of $22.05 per share as noted in the footnotes. These options, originally granted on February 24, 2017 and fully vested, now show 0 options remaining from that grant.
Following the reported activity, Martin holds 601,050 shares of Provident common stock directly. He also holds 238,014 shares indirectly through a 401(k) plan, reflecting a transfer of 26,413 shares from a terminated ESOP into the 401(k) plan. Additional option grants remain outstanding with various exercise prices and expiration dates, indicating continued equity-linked exposure to the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options | 76,327 | $22.05 | $1.68M |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Reflects transfer of 26,413 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. Reflects transfer of 26,413 shares resulting from termination of ESOP and transfer into 401(k) Plan. Stock options have fully vested. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.94 to $22.17, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, of the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (4) to this Form 4.
