Form 4: Provident Financial Services EVP & CAO Reports Stock Transactions
SEC Form 4 Filing
Adriano M. Duarte, EVP & CAO of Provident Bank, reports stock transactions including acquisition and disposal of common stock.
Summary
- Adriano M. Duarte, EVP & CAO of Provident Bank, filed a Form 4 detailing changes in beneficial ownership of Provident Financial Services Inc. stock.
- On March 2, 2025, Duarte disposed of 79 shares of common stock at $18.25 per share to cover tax obligations related to vested performance-vesting stock awards.
- Also on March 2, 2025, Duarte acquired 1,950 shares of common stock.
- Following these transactions, Duarte directly owns 22,977 shares of common stock.
- Duarte also indirectly owns 37,258 shares through an IRA, 6,372 shares through his wife's IRA, 10,600 shares through a 401(k), and 1,714 shares through an ESOP.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the actions of key executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly altering the ownership structure.
Key Dates
| Date | Description |
|---|---|
| 03/02/2022 | Performance-vesting stock awards granted. |
| 03/02/2025 | Date of stock disposal and acquisition. |
| 03/04/2025 | Date of signature on the report. |
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