Form 4: Provident Financial Services Director Sells Shares in Recent Transaction

Director Frank L. Fekete of Provident Financial Services Inc. sold 6,209 shares of common stock on November 18, 2024, at a price of $21.45 per share.

Summary

• Frank L. Fekete, a director at Provident Financial Services Inc., sold 6,209 shares of common stock on November 18, 2024.
• The sale price was $21.45 per share.
• Following the transaction, Mr. Fekete directly owns 54,491 shares.
• He also has indirect ownership of 10,000 shares through a retirement account, 7,500 shares through his wife, and 4,800 shares through various trusts.
• The shares held in trust are for the benefit of his grandchildren.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock sale by a director, with no indication of positive or negative sentiment.

Industry Context

This is a routine filing related to insider trading activity and is common for publicly traded companies. It provides transparency into the transactions of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for all publicly traded companies in the US.
• The transaction is typical of insider trading activity and is not unusual.
• The sale of 6,209 shares is not a significant amount compared to the total outstanding shares of Provident Financial Services Inc.

Stakeholder Impact

• The sale of shares by a director may have a minor impact on shareholder sentiment.

Key Dates

Keywords

Provident Financial Services, Director Share Sale, Form 4, Insider Trading, Stock Transaction, Beneficial Ownership