Form 4: Provident Financial Services CEO Anthony Labozzetta Reports Stock Transactions

Anthony Labozzetta, President and CEO of Provident Financial Services, reports acquisition and disposal of company stock, including vesting of restricted stock.

Summary

• On March 3, 2025, Anthony Labozzetta, the President and CEO of Provident Financial Services Inc., reported disposing of 1,007 shares of common stock at a price of $18.21.
• On the same day, he acquired 16,474 shares of common stock at $0.
• On March 4, 2025, he disposed of 1,858 shares of common stock at $17.76.
• Following these transactions, Labozzetta directly owns 542,878 shares of common stock.
• He also indirectly owns shares through an ESOP (1,934 shares), an IRA (3,904 shares), a Spouse's IRA (5,482 shares), and through his son (4,594 shares).
• The reported transactions also include the grant of time-vesting restricted stock that vests at a rate of 33.3% per year over a period ending March 3, 2028.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The acquisition of 16,474 shares at $0 could be viewed positively as it increases the executive's stake in the company.

Future Outlook

The vesting of restricted stock over a three-year period suggests a long-term incentive for the executive.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The reported transactions may influence investor perception of the company's stock.

Key Dates