Provident Financial (PFS) executive logs tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Provident Financial Services executive Shara Thomas reported a tax-related share withholding transaction. On February 27, 2026, 11,749 shares of common stock were disposed of at $21.04 per share to satisfy tax obligations through a tax-withholding disposition, rather than an open-market sale.
After this transaction, Thomas directly owned 79,596 common shares. She also reported indirect ownership of 439,077 common shares held by a family trust, with the shares held by her wife as trustee for her wife and son.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
SHARA THOMAS
Role
Executive Vice Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 11,749 | $21.04 | $247K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 79,596 shares (Direct);
Common Stock — 439,077 shares (Indirect, By Family Trust)
Footnotes (1)
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FAQ
What did Provident Financial (PFS) executive Shara Thomas report on this Form 4?
Shara Thomas reported a tax-withholding disposition of common stock. On February 27, 2026, 11,749 shares were withheld at $21.04 per share to cover tax obligations, a non-open market transaction commonly associated with equity award vesting.
What indirect Provident Financial (PFS) holdings are reported for Shara Thomas?
The Form 4 reports 439,077 Provident Financial common shares held indirectly by a family trust. A footnote explains these shares are held by her wife as trustee for her wife and son, reflecting indirect beneficial ownership associated with Thomas.
Was the Provident Financial (PFS) Form 4 transaction an open-market sale?
No, the transaction was a tax-withholding disposition coded “F.” Shares were delivered to cover tax liabilities tied to equity compensation, rather than being sold in the open market, which is a common administrative mechanism for settling tax obligations.
What role does Shara Thomas hold at Provident Financial (PFS)?
Shara Thomas is identified as an Executive Vice Chairman and officer of Provident Financial Services. Her Form 4 reflects insider reporting obligations for both direct share ownership and indirect holdings through a family trust structure associated with her household.