Form 4: Provident Financial Director Receives Stock Grant

Director Robert E. McCracken acquired 4,012 shares of Provident Financial Services, Inc. common stock via a restricted stock grant.

Summary

• Director Robert E. McCracken was granted 4,012 shares of common stock on May 26, 2026.
• The shares were acquired at a price of $0 as part of a restricted stock grant.
• Following this transaction, the director's direct beneficial ownership increased to 72,530 shares.
• The director maintains an additional indirect holding of 62,330 shares through an LLC.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine regulatory disclosure regarding director compensation, which is neutral in terms of immediate market impact.

Positives

• Increased alignment between the director and shareholder interests through equity ownership.

Negatives

• None identified.

Risks

• Vesting of the restricted stock is subject to time-based conditions, specifically the earlier of the one-year anniversary of the grant or the next annual meeting of stockholders.

Future Outlook

The restricted stock grant 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 meeting.

Industry Context

StockSavvy.ai notes that director equity grants are standard corporate governance practices designed to incentivize long-term performance and align leadership with shareholder value in the banking sector.

Comparison to Industry Standards

• The grant of restricted stock to directors is a common practice among publicly traded financial institutions to ensure board member commitment.
• The structure of the vesting schedule is consistent with standard equity compensation plans for regional bank directors.

Stakeholder Impact

• Shareholders benefit from increased director equity alignment.

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 Stock Grant, Equity Compensation