Form 4: Provident Financial Services Executive James M. Nigro Reports Changes in Beneficial Ownership
SEC Form 4 Filing
EVP and Chief Credit Officer James M. Nigro reports disposition of 6,885 shares of Provident Financial Services Inc. common stock to cover tax obligations.
Summary
- On May 15, 2025, James M. Nigro, EVP and Chief Credit Officer of Provident Financial Services Inc., reported a transaction involving the disposition of 6,885 shares of common stock.
- The shares were disposed of at a price of $17.86 per share.
- This transaction was related to the satisfaction of tax obligations.
- Following the transaction, Nigro directly owns 101,508 shares of Provident Financial Services Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a common practice of executives selling shares to cover tax obligations related to stock awards or vesting.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/15/2025 | Date of transaction: Disposition of common stock. |
| 05/16/2025 | Date of signature for the report. |
Keywords
Form 4, Beneficial Ownership, Provident Financial Services Inc, PFS, James M. Nigro, Executive Compensation, Stock Transaction, Tax Obligations
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