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Provident Financial (PFS) EVP reports stock awards and tax-related share withholdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Provident Financial Services EVP and General Counsel Bennett MacDougall reported several equity award-related transactions in common stock. On March 3, 2026, he acquired 1,474 shares from performance-vesting stock awards and 3,570 shares of time-vesting restricted stock, both granted at no cash cost.

On March 3 and March 4, shares totaling 472, 578, and 519 were disposed of at prices around $21.42–$21.55 per share to satisfy tax obligations through share withholding, rather than open-market sales. After these transactions, he held 19,379 shares directly and 1,212 shares indirectly through a 401(k), with prior ESOP shares transferred into the 401(k) plan.

Positive

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Negative

  • None.
Insider MacDougall Bennett
Role EVP, General Counsel, Sec
Type Security Shares Price Value
Tax Withholding Common Stock 472 $21.55 $10K
Tax Withholding Common Stock 578 $21.42 $12K
Grant/Award Common Stock 1,474 $0.00 --
Tax Withholding Common Stock 519 $21.42 $11K
Grant/Award Common Stock 3,570 $0.00 --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 19,379 shares (Direct); Common Stock — 0 shares (Indirect, By ESOP)
Footnotes (1)
  1. Performance-vesting stock awards granted March 3, 2023 which vested based on meeting certain performance criteria. Grant of shares of time-vesting restricted stock that vest at a rate of 33.3% per year over a period ending March 3, 2029. Reflects transfer of 1,198 shares resulting from termination of ESOP and transfer into 401(k) Plan, and transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
MacDougall Bennett
(Last) (First) (Middle)
239 WASHINGTON STREET
(Street)
JERSEY CITY NJ 07302
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PROVIDENT FINANCIAL SERVICES INC [ PFS ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, General Counsel, Sec
3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/03/2026 F 578 D $21.42 15,326 D
Common Stock 03/03/2026 A 1,474(1) A $0 16,800 D
Common Stock 03/03/2026 F 519 D $21.42 16,281 D
Common Stock 03/03/2026 A 3,570(2) A $0 19,851 D
Common Stock 03/04/2026 F 472 D $21.55 19,379 D
Common Stock 0(3) I By ESOP
Common Stock 1,212(3) I By 401(k)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Performance-vesting stock awards granted March 3, 2023 which vested based on meeting certain performance criteria.
2. Grant of shares of time-vesting restricted stock that vest at a rate of 33.3% per year over a period ending March 3, 2029.
3. Reflects transfer of 1,198 shares resulting from termination of ESOP and transfer into 401(k) Plan, and transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
Remarks:
/s/Chao Huang, Pursuant to Power of Attorney 03/05/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did PFS executive Bennett MacDougall report in this Form 4 filing?

Bennett MacDougall reported equity-related transactions in Provident Financial Services (PFS) common stock. He received performance-vesting and time-vesting restricted stock awards and had shares withheld to cover associated tax obligations, rather than making open-market purchases or sales.

How many Provident Financial Services (PFS) shares did Bennett MacDougall acquire?

MacDougall acquired 1,474 PFS shares from performance-vesting awards and 3,570 shares of time-vesting restricted stock. These awards were granted at no cash exercise price, reflecting equity compensation rather than open-market buying activity.

Why were some PFS shares disposed of in Bennett MacDougall’s Form 4?

The filing shows disposals of 472, 578, and 519 PFS shares as tax-withholding dispositions. Shares were withheld at prices around $21.42–$21.55 per share to satisfy tax liabilities tied to equity awards, not discretionary market sales.

What are Bennett MacDougall’s Provident Financial Services share holdings after these transactions?

After the reported transactions, MacDougall held 19,379 PFS shares directly and 1,212 shares indirectly through a 401(k) plan. Footnotes indicate prior ESOP shares were transferred into the 401(k) as part of an ESOP termination.

How do the restricted stock awards for PFS executive Bennett MacDougall vest?

One award represents performance-vesting stock granted on March 3, 2023 that vested upon meeting performance criteria. Another grant is time-vesting restricted stock that vests 33.3% per year over a period ending on March 3, 2029, subject to continued service conditions.

Were any open-market purchases or sales of PFS stock reported by Bennett MacDougall?

The transactions consist of equity grants and tax-withholding share dispositions. The Form 4 characterizes the disposals as payments of tax liabilities by delivering securities, rather than open-market purchases or discretionary sales of Provident Financial Services stock.