Provident Financial (NYSE: PFS) director awarded 4,012 restricted shares
Rhea-AI Filing Summary
Hanson James E. II reported acquisition or exercise transactions in this Form 4 filing.
PROVIDENT FINANCIAL SERVICES INC director James E. Hanson II received a grant of 4,012 shares of common stock as restricted stock, at a stated price of $0.00 per share. These restricted shares will vest on the earlier of the one-year anniversary of the grant date or the next annual meeting of stockholders that is at least 50 weeks after the prior year’s annual meeting.
After this grant, Hanson holds 41,725 shares directly. He is also reported as having indirect ownership of 9,200 shares through a corporation, 52,128 shares through a profit sharing plan, and 35,332 shares as trustee of a foundation.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 4,012 shares
Net Buy
4 txns
Insider
Hanson James E. II
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,012 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 41,725 shares (Direct);
Common Stock — 35,332 shares (Indirect, As Trustee of Foundation);
Common Stock — 52,128 shares (Indirect, By Profit Sharing Plan);
Common Stock — 9,200 shares (Indirect, By Corporation)
Footnotes (1)
- F1. Grant of restricted stock will vest on the earlier of the one-year anniversary of the date of grant or the next annual meeting of stockholders which is at least 50 weeks after the immediately preceding year's annual meeting.
Key Figures
Restricted stock grant: 4,012 shares
Grant price: $0.00 per share
Direct holdings after grant: 41,725 shares
+3 more
6 metrics
Restricted stock grant
4,012 shares
Common Stock grant to director on 2026-05-26
Grant price
$0.00 per share
Restricted stock award compensation
Direct holdings after grant
41,725 shares
Common Stock directly held after transaction
Indirect holdings via corporation
9,200 shares
Indirect ownership by corporation
Indirect holdings via profit sharing plan
52,128 shares
Indirect ownership by profit sharing plan
Indirect holdings as trustee of foundation
35,332 shares
Indirect ownership as trustee
Key Terms
restricted stock, profit sharing plan, trustee, annual meeting of stockholders
4 terms
restricted stock financial
"Grant of restricted stock will vest on the earlier of the one-year anniversary of the date of grant"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
profit sharing plan financial
"nature_of_ownership: By Profit Sharing Plan"
trustee financial
"nature_of_ownership: As Trustee of Foundation"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
annual meeting of stockholders financial
"or the next annual meeting of stockholders which is at least 50 weeks after"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did James E. Hanson II report in his latest Form 4 for PFS?
James E. Hanson II reported receiving 4,012 shares of PFS common stock as a restricted stock grant. The shares were awarded at a stated price of $0.00 and are part of his director compensation rather than an open-market purchase or sale.
What indirect PFS holdings are reported for Hanson in this Form 4?
The filing shows 9,200 PFS shares held indirectly through a corporation, 52,128 shares through a profit sharing plan, and 35,332 shares held as trustee of a foundation. These positions are reported as indirect ownership interests associated with Hanson.