Form 4: Provident Financial Services Inc. Executive Vice Chairman Thomas Shara Reports Stock Disposal

Thomas Shara, Executive Vice Chairman of Provident Financial Services Inc., reported the disposal of 14,842 shares of common stock to cover tax obligations.

Summary

• On May 15, 2025, Thomas Shara, the Executive Vice Chairman of Provident Financial Services Inc. (PFS), reported a transaction involving the company's common stock.
• Shara disposed of 14,842 shares of common stock at a price of $17.86 per share to cover tax obligations.
• Following the transaction, Shara directly owns 529,797 shares of Provident Financial Services Inc.
• Shara also indirectly owns 625 shares through a family partnership.

Sentiment

Score: 5

Explanation: This is a neutral report of a stock disposal to cover tax obligations, which is a common occurrence. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are a routine part of the US stock market and are required by the SEC to provide transparency into the transactions of company insiders. This allows the public to see when company insiders are buying or selling shares of their own company.

Stakeholder Impact

• The disposal of shares by an executive may have a minor impact on shareholder sentiment, but is unlikely to have a significant impact.

Key Dates

Keywords

Form 4, Provident Financial Services Inc, Thomas Shara, Executive Vice Chairman, Stock Disposal, Beneficial Ownership, PFS