Provident Financial (PFS) director awarded 4,012 restricted shares in grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pugliese John reported acquisition or exercise transactions in this Form 4 filing.
Provident Financial Services Inc director John Pugliese received a grant of 4,012 shares of common stock as equity compensation. The award was granted at no cash cost per share and increases his direct holdings to 91,919 shares. The restricted stock will vest on the earlier of the one-year anniversary of the grant date or the next annual meeting of stockholders that occurs at least 50 weeks after the prior year's annual meeting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pugliese John
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,012 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 91,919 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock grant: 4,012 shares
Grant price per share: $0.00 per share
Shares owned after grant: 91,919 shares
+2 more
5 metrics
Restricted stock grant
4,012 shares
Common Stock grant on 2026-05-26
Grant price per share
$0.00 per share
Equity compensation, non-cash award
Shares owned after grant
91,919 shares
Total direct holdings following transaction
Vesting anniversary
One-year from grant
Alternative vesting trigger to next annual meeting
Annual meeting timing condition
At least 50 weeks
Next annual meeting must be ≥50 weeks after prior one
Key Terms
restricted stock, annual meeting of stockholders, vest
3 terms
restricted stock financial
"Grant of restricted stock will vest on the earlier of the one-year anniversary"
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.
annual meeting of stockholders financial
"or the next annual meeting of stockholders which is at least 50 weeks after"
vest financial
"Grant of restricted stock will vest on the earlier of the one-year anniversary"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What did Provident Financial Services (PFS) director John Pugliese report on this Form 4?
Director John Pugliese reported receiving a grant of 4,012 shares of Provident Financial Services common stock. This is a stock-based compensation award, not an open-market purchase or sale, and reflects additional equity given to him in his role as a director.
Is this Provident Financial Services (PFS) Form 4 an open-market buy or sell by John Pugliese?
This Form 4 does not show an open-market buy or sell. It reports an acquisition coded as a grant or award of 4,012 restricted shares, which is standard equity compensation and distinct from discretionary trading of shares in the open market.