Provident Financial director trust sells 56K shares
The Form 4 lists 56,166 shares sold in the low-$23 range and shows Shara Thomas held 91,653 shares directly as of Aug. 31, 2026.
Rhea-AI Filing Summary
PROVIDENT FINANCIAL SERVICES INC (PFS) reported that director SHARA THOMAS filed a Form 4 disclosing indirect open-market sales of common stock held in a family trust. On 2026-08-31 and 2026-09-01, entities associated with the reporting person sold a total of 56,166 shares at prices around the low $23 range. Separately, the filing shows a directly held position of 91,653 shares of common stock as of 2026-08-31.
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Insights
Analyzing...
Insider Trade Summary
Net Seller: 56,166 shares
Net Sell
3 txns
Insider
SHARA THOMAS
Role
Director
Sold
56,166 shs ($1.30M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 40,266 | $23.06 | $929K |
| Sale | Common Stock F1 | 15,900 | $23.30 | $370K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 382,911 shares (Indirect, By Family Trust);
Common Stock — 91,653 shares (Direct)
Footnotes (1)
- F1. Shares held by wife as trustee for wife and son.
Key Figures
Shares sold (2026-09-01): 40,266 shares at $23.06 per share
Shares sold (2026-08-31): 15,900 shares at $23.30 per share
Total shares sold: 56,166 shares
+2 more
5 metrics
Shares sold (2026-09-01)
40,266 shares at $23.06 per share
Indirect sale of PFS common stock by family trust on 2026-09-01
Shares sold (2026-08-31)
15,900 shares at $23.30 per share
Indirect sale of PFS common stock by family trust on 2026-08-31
Total shares sold
56,166 shares
Sum of reported indirect sales in this Form 4
Direct holdings
91,653 shares
Common stock held directly by SHARA THOMAS as of 2026-08-31
Transaction prices
$23.06 and $23.30 per share
Per-share prices for the two reported indirect sales
Key Terms
indirect ownership, Family Trust, trustee, Rule 10b5-1
4 terms
indirect ownership financial
"reported as held through a trust and coded as indirect ownership ("I")"
Family Trust financial
"nature_of_ownership is listed as "By Family Trust" for the sold shares"
trustee financial
"footnote states, "Shares held by wife as trustee for wife and son.""
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.
Rule 10b5-1 regulatory
"the document-level Rule 10b5-1 checkbox (aff_10b5_one) is marked false"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What insider transactions did PFS director SHARA THOMAS report on this Form 4?
The Form 4 reports two indirect sales of Provident Financial Services common stock by a family trust associated with SHARA THOMAS on 2026-08-31 and 2026-09-01, totaling 56,166 shares sold in open-market or private transactions.
Were the PFS insider sales under a Rule 10b5-1 trading plan?
The document-level Rule 10b5-1 checkbox is marked false, indicating the filing does not affirm that these reported transactions were made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.