Form 4: Provident Financial Services Director Brian Gragnolati Reports Acquisition of Common Stock

Director Brian Gragnolati reports acquiring 5,392 shares of Provident Financial Services Inc. common stock on May 1, 2025.

Summary

• On May 1, 2025, Brian Gragnolati, a director of Provident Financial Services Inc., acquired 5,392 shares of common stock.
• The acquisition was made at a price of $0 per share.
• Following the transaction, Gragnolati beneficially owns 35,030 shares of Provident Financial Services Inc.
• The grant of restricted stock will vest on the earlier of the one-year anniversary of the date of grant or the next annual meeting of stockholders which is at least 50 weeks after the immediately preceding year's annual meeting.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard transaction. A director increasing their stake is generally viewed as a slightly positive sign.

Positives

• A director increasing their stake in the company can be seen as a positive signal.

Future Outlook

The vesting of the restricted stock is contingent upon the earlier of the one-year anniversary of the grant date or the next annual meeting of stockholders which is at least 50 weeks after the immediately preceding year's annual meeting.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in the financial services industry.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment.

Key Dates

Keywords

Provident Financial Services Inc., Brian Gragnolati, Director, Common Stock, Beneficial Ownership, Acquisition, PFS, Restricted Stock