Form 4: Provident Financial Services Inc: Executive Officer Matteson Reports Stock Disposals
SEC Form 4 Filing
Timothy J. Matteson, EVP and Chief Admin Officer of Provident Financial Services Inc, reports the disposal of common stock to cover tax obligations.
Summary
- On February 27, 2025, Timothy J. Matteson, EVP and Chief Admin Officer of Provident Financial Services Inc, disposed of 725 shares of common stock at a price of $17.92.
- Following this transaction, Matteson directly owns 112,373 shares of common stock.
- Additionally, on the same date, Matteson disposed of 1,190 shares of common stock at $17.92.
- After this second transaction, Matteson directly owns 111,183 shares of common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently indicate positive or negative performance of the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders of a company (officers, directors, or any individuals owning more than 10% of the company's shares) buy or sell the company's securities. These filings provide transparency to the market regarding insider transactions.
Stakeholder Impact
- The disposal of shares by an executive could be perceived negatively by some shareholders, although it is often a routine transaction for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/27/2025 | Date of stock disposal transactions |
| 02/28/2025 | Date of signature on the report |
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