PFS executive reports stock award and tax withholding
PROVIDENT FINANCIAL SERVICES INC executive Vito Giannola reported routine equity compensation and related tax withholding.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
PROVIDENT FINANCIAL SERVICES INC executive Vito Giannola reported routine equity compensation and related tax withholding. He received 4,520 shares of common stock as a grant or award at a stated price of $0.00 per share, tied to performance-vesting stock awards granted on May 20, 2024 that vested after meeting performance criteria.
To cover tax obligations, 1,626 shares were disposed of at $22.15 per share through a tax-withholding mechanism, not an open-market sale. Following these transactions, Giannola directly holds 76,424 common shares and indirectly holds 13,752 shares through an IRA and 2,722 shares through a 401(k) plan.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,520 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,626 | $22.15 | $36K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. Performance-vesting stock awards granted May 20, 2024 which vested based on meeting certain performance criteria.
Key Figures
Key Terms
tax-withholding disposition financial
Performance-vesting stock awards financial
IRA financial
401(k) financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did PFS executive Vito Giannola report in this Form 4 filing?
What is the significance of the May 20, 2024 performance-vesting stock awards for PFS?
AI-generated analysis. How Rhea-AI works. Not financial advice.