Form 4: Provident Financial Services Executive Acquires Shares of Restricted Stock
SEC Form 4 Filing
Timothy J. Matteson, EVP and Chief Admin Officer of Provident Financial Services, reports acquisition of 21,959 shares of common stock on July 30, 2024.
Summary
- On July 30, 2024, Timothy J. Matteson, EVP and Chief Admin Officer of Provident Financial Services Inc., acquired 21,959 shares of common stock.
- The shares were acquired at a price of $0.
- Following the transaction, Matteson directly owns 113,098 shares of Provident Financial Services Inc.
- The acquired shares are restricted stock, vesting at various dates in the future.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it simply reports a transaction. The acquisition of shares by an executive could be interpreted as a slightly positive signal, but without further context, it's difficult to assess the overall impact.
Positives
- The acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's future prospects.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common in publicly traded companies. It provides transparency into the actions of company executives and their holdings in the company's stock.
Key Dates
| Date | Description |
|---|---|
| 07/30/2024 | Date of transaction: Timothy J. Matteson acquired shares of common stock. |
| 07/31/2024 | Date of signature on the Form 4 filing. |
| 05/15/2025 | Date when 100% of some restricted stock shares vest. |
| 02/27/2026 | Date when some restricted stock shares vest. |
| 02/27/2027 | Date when some restricted stock shares vest. |
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