Christopher P. Martin - Jan 31, 2023 Form 4 Insider Report for PROVIDENT FINANCIAL SERVICES INC (PFS)

Role
Executive Chairman, Director
Signature
/s/ John F. Kuntz, Pursuant to Power of Attorney
Stock symbol
PFS
Transactions as of
Jan 31, 2023
Transactions value $
-$421,274
Form type
4
Date filed
2/2/2023, 11:49 AM
Previous filing
Mar 7, 2022
Next filing
Mar 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PFS Common Stock Options Exercise $407K +26.8K +5% $15.23 562K Jan 31, 2023 Direct F1
transaction PFS Common Stock Options Exercise $383K +25.1K +4.47% $15.23 587K Jan 31, 2023 Direct F1
transaction PFS Common Stock Sale -$1.21M -51.9K -8.84% $23.35 535K Jan 31, 2023 Direct F2
holding PFS Common Stock 180K Jan 31, 2023 By 401(k) Plan F3
holding PFS Common Stock 21.3K Jan 31, 2023 By ESOP F3
holding PFS Common Stock 17.8K Jan 31, 2023 By Deferred Fee Plan

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PFS Stock Options Options Exercise $0 -26.8K -100% $0.00* 0 Jan 31, 2023 Common Stock 26.8K $15.23 Direct
transaction PFS Stock Options Options Exercise $0 -25.1K -100% $0.00* 0 Jan 31, 2023 Common Stock 25.1K $15.23 Direct
holding PFS Stock Options 34.4K Jan 31, 2023 Common Stock 34.4K $23.70 Direct F4
holding PFS Stock Options 56.6K Jan 31, 2023 Common Stock 56.6K $20.66 Direct F4
holding PFS Stock Options 107K Jan 31, 2023 Common Stock 107K $20.62 Direct F4
holding PFS Stock Options 41.7K Jan 31, 2023 Common Stock 41.7K $27.25 Direct F4
holding PFS Stock Options 43.1K Jan 31, 2023 Common Stock 43.1K $25.58 Direct F5
holding PFS Stock Options 42.9K Jan 31, 2023 Common Stock 42.9K $26.31 Direct F5
holding PFS Stock Options 66K Jan 31, 2023 Common Stock 66K $18.34 Direct F5
holding PFS Stock Options 35K Jan 31, 2023 Common Stock 35K $16.38 Direct F5
holding PFS Stock Options 45.8K Jan 31, 2023 Common Stock 45.8K $16.38 Direct F5
holding PFS Stock Options 76.3K Jan 31, 2023 Common Stock 76.3K $18.70 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects exercise of options that expire on February 19, 2023.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.21 to $23.53, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
F3 Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
F4 Stock options vest at a rate of 33.3% per year.
F5 Stock options have fully vested.