Form 4: Director Brian Gragnolati Acquires PFS Restricted Stock

Provident Financial Services director Brian Gragnolati was granted 4,012 shares of restricted common stock.

Summary

• Director Brian Gragnolati acquired 4,012 shares of Provident Financial Services (PFS) common stock.
• The transaction occurred on May 26, 2026.
• The shares were granted at a price of $0, representing a restricted stock award.
• Following this transaction, the director's total beneficial ownership is 39,042 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation and equity ownership, which is neutral in terms of market impact.

Positives

• Increased equity alignment between the director and shareholders.

Negatives

• None.

Risks

• None.

Future Outlook

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 is at least 50 weeks after the previous year's annual meeting.

Industry Context

StockSavvy.ai notes that director equity grants are standard corporate governance practices designed to align board member interests with long-term shareholder value in the regional banking sector.

Comparison to Industry Standards

• The grant of restricted stock to directors is a common practice among U.S. regional banks to ensure retention and alignment.
• The vesting schedule is consistent with standard industry practices for non-employee director compensation.

Stakeholder Impact

• Shareholders benefit from increased director alignment with company performance.

Next Steps

• Vesting of the 4,012 restricted shares upon the earlier of the one-year anniversary or the next annual meeting.

Key Dates

Keywords

Provident Financial Services, PFS, Form 4, Insider Transaction, Restricted Stock, Brian Gragnolati