Form 4: Provident Financial Services Inc. Executive Lyons Acquires Shares Through Performance Vesting

Thomas M. Lyons, SEVP and CFO of Provident Financial Services Inc., reports acquisition of shares due to performance-vesting stock awards.

Summary

• Thomas M. Lyons, SEVP and CFO of Provident Financial Services Inc., reported changes in beneficial ownership on March 2, 2025.
• Lyons acquired 13,775 shares of Common Stock through performance-vesting stock awards that vested based on meeting certain performance criteria.
• These awards were granted on March 2, 2022.
• The reported transaction increased Lyons' direct ownership to 216,484 shares.
• Lyons also indirectly owns 6,798 shares through an IRA, 59,166 shares through a 401(k), and 22,550 shares through an ESOP.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard regulatory filing. The acquisition of shares through vesting is generally a positive sign, but it's expected as part of executive compensation.

Positives

• The acquisition of shares by a high-ranking executive could be interpreted positively, signaling confidence in the company's performance and future prospects.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it indicates executive confidence.

Key Dates