Provident Financial (NYSE: PFS) grants EVP 4,085 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fink William Joseph reported acquisition or exercise transactions in this Form 4 filing.
Provident Financial Services EVP & Chief Lending Officer William Joseph Fink received a grant of 4,085 shares of common stock as restricted stock. The award vests in equal 33.3% installments each year through March 3, 2029. Following this grant, he directly holds 18,248 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Fink William Joseph
Role
EVP & Chief Lending Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,085 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 18,248 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did PFS executive William Joseph Fink report?
William Joseph Fink reported an acquisition of 4,085 shares of Provident Financial Services common stock. The shares were granted as time-vesting restricted stock, representing executive compensation rather than an open-market purchase, and increase his directly held stake in the company.
Was the PFS Form 4 transaction a stock purchase or a grant?
The Form 4 for Provident Financial Services shows a grant of restricted common stock, not an open-market purchase. Executive William Joseph Fink received 4,085 time-vesting restricted shares as part of his compensation package, with no cash price paid per share in this transaction.
What are the vesting terms of the restricted stock granted to the PFS executive?
The 4,085 restricted shares granted to William Joseph Fink vest at 33.3% per year over a period ending March 3, 2029. This means the award vests in roughly three equal annual installments, aligning long-term compensation with ongoing service at Provident Financial Services.
What does transaction code "A" mean in the PFS Form 4 filing?
Transaction code "A" in the Provident Financial Services Form 4 indicates a grant, award, or other acquisition of securities. In this case, it reflects an executive compensation grant of 4,085 shares of time-vesting restricted common stock to William Joseph Fink, not a market trade.