Form 4: Provident Financial Services Director James E. Hanson II Reports Acquisition of Common Stock

Director James E. Hanson II reports acquiring 5,392 shares of Provident Financial Services Inc. common stock through a grant of restricted stock.

Summary

• On May 1, 2025, James E. Hanson II, a director of Provident Financial Services Inc., acquired 5,392 shares of common stock.
• This acquisition was a grant of restricted stock.
• Following the transaction, Hanson directly owns 37,713 shares of common stock.
• Hanson also indirectly owns 35,332 shares as Trustee of Foundation, 52,128 shares through a Profit Sharing Plan, and 9,200 shares through a Corporation.
• The restricted stock will vest on 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.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a standard transaction by a company director. The acquisition of shares can be seen as a positive sign, but it's a routine occurrence.

Positives

• The acquisition of shares by a director may signal confidence in the company's future prospects.

Future Outlook

The restricted stock will vest on 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

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's acquisition of company stock, which is a common occurrence.

Stakeholder Impact

• The acquisition of shares by a director may be viewed positively by shareholders.

Key Dates

Keywords

Form 4, Beneficial Ownership, Director, James E. Hanson II, Provident Financial Services Inc., PFS, Common Stock, Restricted Stock, Acquisition