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Stock awards and tax share use for Provident (NYSE: PFS) CDIO

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

Rhea-AI Filing Summary

Provident Financial Services Inc reported multiple equity transactions by Ravi Vakacherla, CDIO of Provident Bank. On March 3, 2026, he acquired 2,714 and 4,191 shares of common stock as grants or awards, with no price per share reported for these grants.

On March 3 and 4, 2026, he disposed of 1,020, 849, and 590 shares of common stock as tax-withholding dispositions at per‑share prices of $21.42 and $21.55. Footnotes state that some shares vest based on performance or over time through March 3, 2029, and that 586 shares were transferred from an ESOP into a 401(k) plan, resulting in 593 shares held indirectly through the 401(k) plan.

Positive

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Negative

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Insider Vakacherla Ravi
Role CDIO of Provident Bank
Type Security Shares Price Value
Tax Withholding Common Stock 590 $21.55 $13K
Tax Withholding Common Stock 849 $21.42 $18K
Grant/Award Common Stock 2,714 $0.00 --
Tax Withholding Common Stock 1,020 $21.42 $22K
Grant/Award Common Stock 4,191 $0.00 --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 16,364 shares (Direct); Common Stock — 0 shares (Indirect, By ESOP)
Footnotes (1)
  1. Performance-vesting stock awards granted March 3, 2023 which vested based on meeting certain performance criteria. 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. Reflects transfer of 586 shares resulting from termination of ESOP and transfer into 401(k) Plan, and transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
Form 4 Insider Transactions: What Each Field Means →
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*
Vakacherla Ravi
(Last) (First) (Middle)
239 WASHINGTON STREET
(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
CDIO of Provident Bank
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 849 D $21.42 11,069 D
Common Stock 03/03/2026 A 2,714(1) A $0 13,783 D
Common Stock 03/03/2026 F 1,020 D $21.42 12,763 D
Common Stock 03/03/2026 A 4,191(2) A $0 16,954 D
Common Stock 03/04/2026 F 590 D $21.55 16,364 D
Common Stock 0(3) I By ESOP
Common Stock 593(3) I By 401(k) Plan
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. Performance-vesting stock awards granted March 3, 2023 which vested based on meeting certain performance criteria.
2. 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.
3. Reflects transfer of 586 shares resulting from termination of ESOP and transfer into 401(k) Plan, and transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Provident Financial (PFS) report for Ravi Vakacherla?

Ravi Vakacherla reported stock grants and related tax-share dispositions in Provident Financial common stock. He received two grants totaling 2,714 and 4,191 shares and used 1,020, 849, and 590 shares to cover tax obligations at specified market prices.

What types of stock awards did PFS grant to CDIO Ravi Vakacherla?

Vakacherla received performance-vesting stock awards that vested after meeting performance criteria and time-vesting restricted stock. The time-based awards vest 33.3% per year over a period ending March 3, 2029, aligning compensation with multi‑year service and performance conditions at Provident Financial.

How were taxes handled on Ravi Vakacherla’s Provident Financial stock awards?

Taxes were satisfied through tax-withholding share dispositions coded “F.” Vakacherla delivered 1,020, 849, and 590 Provident Financial common shares at per‑share prices of $21.42 and $21.55, rather than paying cash, to cover exercise price or tax liabilities on his equity awards.

What does the Form 4 say about Ravi Vakacherla’s ESOP and 401(k) plan holdings at PFS?

A footnote states 586 shares were transferred due to ESOP termination and moved into a 401(k) plan. After these changes and related non‑reportable transactions, Vakacherla indirectly holds 593 Provident Financial common shares through the 401(k) plan as of the reported date.

Are the Provident Financial transactions open-market buys or sells for Ravi Vakacherla?

The filing does not show open-market purchases or sales. Instead, it reports stock grants with a zero price and “F” code tax-withholding dispositions, where shares are delivered to satisfy exercise price or tax liabilities associated with Vakacherla’s equity compensation awards.