Form 4: Director Nadine Duchemin-Leslie Receives PFS Stock Grant

Provident Financial Services director Nadine Duchemin-Leslie was granted 4,012 shares of common stock as part of a restricted stock award.

Summary

• Director Nadine Duchemin-Leslie 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 28,720 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine regulatory filing regarding director compensation that does not signal a change in company strategy or financial health.

Positives

• Increased equity alignment between the director and shareholders.
• The grant serves as a standard form of director compensation, indicating continued commitment to the firm.

Negatives

• None identified; this is a routine compensatory equity grant.

Risks

• None identified; this is a standard regulatory disclosure of director compensation.

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

Industry Context

StockSavvy.ai notes that director equity grants are standard practice in the banking sector to ensure board members maintain a vested interest in long-term corporate performance.

Comparison to Industry Standards

• The grant structure is consistent with standard corporate governance practices for U.S. regional banks.
• Restricted stock units (RSUs) are the industry-standard vehicle for director compensation to align interests with shareholders.

Stakeholder Impact

• Shareholders benefit from increased director alignment with long-term equity value.

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 Trading, Director Compensation, Restricted Stock