Insider sale at Provident Financial (PFS) as George Lista retains 105k shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Provident Financial Services Inc. executive George Lista reported an open-market sale of 3,528 shares of Common Stock at $23.41 per share. After this sale, he directly holds 105,734.125 shares. The filing also shows additional indirect holdings through a 50%-owned LLC, an IRA, and a 401(k), where recent activity reflects dividend reinvestment transactions not required to be reported under Section 16.
Positive
- None.
Negative
- None.
Insights
Lista’s sale is modest relative to his remaining direct and indirect holdings.
The filing shows George Lista executed an open-market sale of 3,528 Provident Financial Services common shares at $23.41, while retaining 105,734.125 shares directly. This indicates a relatively small liquidity event compared with his continuing stake.
Additional entries for LLC, IRA, and 401(k) accounts are identified as dividend reinvestment and other transactions not required under Section 16. With no derivative exercises or large restructurings disclosed, this appears to be a routine insider sale rather than a thesis-changing move.
Insider Trade Summary
Net Seller: 3,528 shares ($82,590)
Net Sell
4 txns
Insider
LISTA GEORGE
Role
Pres/CEO Prov Protection Plus
Sold
3,528 shs ($83K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,528 | $23.41 | $83K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 105,734.125 shares (Direct, null);
Common Stock — 2,622 shares (Indirect, By 401(k))
Footnotes (1)
- Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended. Reflects dividend reinvestment transactions
Key Figures
Shares sold: 3,528 shares
Sale price per share: $23.41 per share
Direct holdings after transaction: 105,734.125 shares
+3 more
6 metrics
Shares sold
3,528 shares
Open-market sale of common stock
Sale price per share
$23.41 per share
Price for 3,528 common shares sold
Direct holdings after transaction
105,734.125 shares
Common stock held directly after sale
Indirect LLC holdings
10,701.5 shares
Common stock via 50% ownership in LLC
Indirect IRA holdings
2,072.5 shares
Common stock held in IRA
Indirect 401(k) holdings
2,622 shares
Common stock held in 401(k)
Key Terms
open-market sale, Section 16, dividend reinvestment transactions, indirect ownership, +1 more
5 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Section 16 regulatory
"transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
dividend reinvestment transactions financial
"Reflects dividend reinvestment transactions"
indirect ownership financial
""ownership_type": "indirect", "ownership_code": "I""
Common Stock financial
""security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did George Lista report for PROVIDENT FINANCIAL SERVICES INC (PFS)?
George Lista reported an open-market sale of 3,528 shares of Provident Financial Services common stock at $23.41 per share. This Form 4 filing also details his remaining direct and indirect holdings after the transaction.
What indirect holdings in PROVIDENT FINANCIAL SERVICES INC (PFS) does George Lista report?
The Form 4 lists indirect ownership of Provident Financial shares through a 50%-owned LLC, an IRA, and a 401(k) account. These positions show updated balances and include dividend reinvestment transactions noted as not required to be reported under Section 16.
Do the dividend reinvestment entries for PROVIDENT FINANCIAL SERVICES INC (PFS) affect the insider sale reported by George Lista?
The dividend reinvestment entries are separate from the open-market sale and are described as transactions not required to be reported under Section 16. They simply update indirect account balances and do not change the disclosed 3,528-share sale.