Form 4: Provident Financial Services Executive Chairman Exercises Stock Options, Disposes of Shares
SEC Form 4
Christopher P. Martin, Executive Chairman of Provident Financial Services, exercised stock options and disposed of shares on February 13, 2025.
Summary
- On February 13, 2025, Christopher P. Martin, the Executive Chairman of Provident Financial Services Inc., exercised stock options for 65,972 shares of common stock at a price of $18.34 per share.
- Following the exercise, Martin disposed of 64,769 shares.
- After these transactions, Martin directly owns 620,944 shares of Provident Financial Services Inc. common stock.
- Martin also indirectly owns 24,661 shares through an ESOP and 200,944 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
Executive stock option exercises and share disposals are a common occurrence in publicly traded companies and are often related to personal financial planning.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 02/19/2016 | Original grant date of stock options exercised on 02/13/2025 |
| 02/24/2017 | Grant date of some stock options held |
| 03/07/2018 | Grant date of some stock options held |
| 03/05/2019 | Grant date of some stock options held |
| 03/04/2020 | Grant date of some stock options held |
| 03/03/2021 | Grant date of some stock options held |
| 03/03/2022 | Grant date of some stock options held |
| 03/02/2023 | Grant date of some stock options held |
| 02/13/2025 | Date of stock option exercise and share disposal |
| 02/14/2025 | Date of Form 4 filing |
| 02/19/2025 | Expiration date of stock options exercised on 02/13/2025 |
| 02/24/2026 | Expiration date of some stock options held |
| 03/07/2027 | Expiration date of some stock options held |
| 03/05/2028 | Expiration date of some stock options held |
| 03/04/2029 | Expiration date of some stock options held |
| 03/03/2030 | Expiration date of some stock options held |
| 03/03/2031 | Expiration date of some stock options held |
| 03/02/2032 | Expiration date of some stock options held |
Keywords
Provident Financial Services, Stock Options, Executive Chairman, Form 4, Beneficial Ownership, Christopher P. Martin, PFS, Shares, Disposition, Exercise
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