STOCK TITAN

Stock award and tax share withholding for Provident (NYSE: PFS) leader

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Provident Financial Services executive Thomas Shara reported stock-based compensation and related tax withholding. On March 3, 2026, he acquired 9,136 shares of common stock as a grant of time-vesting restricted stock that vests 33.3% per year through March 3, 2029. On the same date, 1,091 shares were disposed of at $21.42 per share to cover tax obligations by delivering shares. Following these transactions, his directly held common stock increased to 87,641 shares, and an additional 439,077 shares are reported as indirectly owned by a family trust, held by his wife as trustee for his wife and son.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
SHARA THOMAS

(Last) (First) (Middle)
239 WASHINGTON ST

(Street)
JERSEY CITY NJ 07302

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PROVIDENT FINANCIAL SERVICES INC [ PFS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Executive Vice Chairman
3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/03/2026 F 1,091 D $21.42 78,505 D
Common Stock 03/03/2026 A 9,136(1) A $0 87,641 D
Common Stock 439,077 I(2) By Family Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Grant of shares of time-vesting restricted stock that vest at a rate of 33.3% per year over a period ending March 3, 2029.
2. Shares held by wife as trustee for wife and son.
Remarks:
/s/Chao Huang, Pursuant to Power of Attorney 03/05/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did Provident Financial (PFS) executive Thomas Shara report?

Thomas Shara reported a grant of 9,136 shares of common stock and a tax-withholding disposition of 1,091 shares. These transactions were dated March 3, 2026, and involved time-vesting restricted stock plus shares delivered to satisfy tax obligations.

How many Provident Financial (PFS) shares did Thomas Shara receive in his latest stock grant?

He received 9,136 shares of time-vesting restricted common stock. According to the disclosure, these restricted shares vest at a rate of 33.3% per year over a period ending on March 3, 2029, subject to the plan’s terms.

Why were 1,091 Provident Financial (PFS) shares disposed of in Thomas Shara’s Form 4?

The 1,091 shares were disposed of to pay tax obligations by delivering securities. This tax-withholding disposition was reported at a price of $21.42 per share and is classified under transaction code F in the non-derivative common stock section.

What are Thomas Shara’s direct Provident Financial (PFS) holdings after these transactions?

After the reported March 3, 2026 transactions, his directly owned common stock holdings increased to 87,641 shares. This figure reflects both the 9,136-share restricted stock grant and the 1,091-share tax-withholding disposition reported in the filing.

What indirect Provident Financial (PFS) holdings are reported for Thomas Shara’s family trust?

The filing lists 439,077 shares of common stock as indirectly owned through a family trust. A footnote explains these shares are held by his wife as trustee for his wife and son, indicating trust-based ownership separate from his direct holdings.

How do the vesting terms work for Thomas Shara’s new Provident Financial (PFS) restricted stock?

The 9,136 restricted shares vest at 33.3% per year through March 3, 2029. This means portions of the grant become non-restricted annually over a multi-year period, aligning ongoing share delivery with continued service and plan conditions.
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