Form 4: PFS Executive Sells Shares for Tax Withholding

Provident Financial Services EVP and Chief Credit Officer James M. Nigro disposed of 3,831 shares of common stock to satisfy tax withholding obligations.

Summary

• James M. Nigro, Executive Vice President and Chief Credit Officer of Provident Financial Services Inc. (PFS), reported a disposition of common stock.
• The transaction involved the disposition of 3,831 shares of common stock.
• The shares were disposed of at a price of $21.04 per share.
• The transaction occurred on February 27, 2026, and was coded 'F', indicating a disposition to the issuer to satisfy tax withholding obligations.
• Following this transaction, James M. Nigro beneficially owns 97,677 shares of Provident Financial Services common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the disposition of shares was for tax withholding purposes, a non-discretionary transaction that does not indicate a change in sentiment or company fundamentals.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transactions for tax withholding purposes are routine and generally do not reflect a change in an executive's outlook on the company or broader industry trends. This type of transaction is a common occurrence when equity awards vest.

Stakeholder Impact

• Shareholders: The transaction is a routine, non-discretionary sale for tax purposes and is unlikely to have a significant impact on shareholder sentiment or the company's stock price.

Key Dates

Keywords

Provident Financial Services, PFS, Insider Transaction, Form 4, James M. Nigro, Common Stock, Tax Withholding