Form 4: Provident Financial Services Inc. Executive Acquires Shares Through Restricted Stock Grant
SEC Form 4 Filing
George Lista, Pres/CEO of Prov Protection Plus at Provident Financial Services Inc., reports acquisition of shares through a restricted stock grant.
Summary
- On March 3, 2025, George Lista, Pres/CEO of Prov Protection Plus at Provident Financial Services Inc., acquired 2,471 shares of common stock through a grant.
- These shares are time-vesting restricted stock, vesting at a rate of 33.3% per year, with the vesting period ending on March 3, 2028.
- Following the transaction, Lista directly owns 116,918 shares of common stock.
- Lista also indirectly owns 1,827 shares through an ESOP, 1,925 shares through an IRA, and 8,956 shares through 50% ownership in an LLC.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports a transaction.
Positives
- The acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency regarding the ownership of company stock by its executives.
Stakeholder Impact
- Shareholders may view the executive's stock acquisition as a positive signal.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of the transaction: acquisition of common stock. |
| 03/03/2028 | End date of the vesting period for the restricted stock. |
| 03/05/2025 | Date of signature on the report. |
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