Form 4: Provident Financial Services EVP, CRO James A. Christy Reports Stock Transactions

James A. Christy, EVP, CRO of Provident Financial Services Inc, reports the acquisition and disposal of common stock, including shares acquired through performance-vesting stock awards and holdings in 401(k) and ESOP plans.

Summary

• James A. Christy, EVP, CRO of Provident Financial Services Inc., filed a Form 4 detailing changes in beneficial ownership.
• On March 2, 2025, Christy disposed of 222 shares of common stock at a price of $18.25.
• Also on March 2, 2025, Christy acquired 5,965 shares of common stock at $0, related to performance-vesting stock awards granted on March 2, 2022.
• Following these transactions, Christy directly owns 39,997 shares of common stock.
• Christy also indirectly owns 494 shares through a 401(k) and 23,168 shares through an ESOP.
• The report also mentions transactions not required to be reported under Section 16 of the Securities Exchange Act of 1934.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Positives

• The acquisition of 5,965 shares indicates the vesting of performance-based stock awards, suggesting the achievement of certain performance criteria.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding insider activity.

Key Dates