Form 4: Provident Financial CDIO Sells Shares for Tax

Provident Financial Services Inc. CDIO Ravi Vakacherla reported a disposition of 787 common shares for tax withholding purposes.

Summary

• Ravi Vakacherla, identified as the CDIO of Provident Bank and an officer of Provident Financial Services Inc. (PFS), reported a transaction.
• On August 3, 2025, Vakacherla disposed of 787 shares of Provident Financial Services Inc. Common Stock.
• The shares were disposed of at a price of $18.02 per share.
• The transaction code 'F' indicates this disposition was made to the issuer to satisfy tax withholding obligations.
• Following this reported transaction, Vakacherla directly owns 11,918 shares and indirectly owns 572 shares through an Employee Stock Ownership Plan (ESOP).

Sentiment

Score: 5

Explanation: The transaction is a routine disposition for tax withholding purposes, which is a common and expected event for executives receiving equity compensation, and does not indicate a change in sentiment towards the company.

Future Outlook

NA

Industry Context

This filing reports a routine insider transaction for tax purposes and does not provide broader industry context or trends.

Stakeholder Impact

• The disposition of 787 shares by an officer for tax withholding purposes is a routine event and is expected to have minimal direct impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Provident Financial Services, PFS, Ravi Vakacherla, insider transaction, Form 4, stock disposition, tax withholding, CDIO, officer