Flynn Brian 4
Research Summary
AI-generated summary
Provident Financial (PFS) Director Brian Flynn Receives Restricted Stock Award
What Happened
- Brian Flynn, a director of Provident Financial Services, was granted 4,012 restricted shares on 2026-05-26. The Form 4 reports the acquisition price as $0.00 (a restricted stock award), so no cash was paid by the insider for these shares. This is a company compensation award rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-26; Form filed: 2026-05-28.
- Reported acquisition: 4,012 shares at $0.00 (listed acquisition value $0).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnote: Grant vests on the earlier of the one-year anniversary of the grant or the next annual meeting of stockholders that is at least 50 weeks after the prior year’s meeting.
- Filing timeliness: Filed two days after the transaction date; not marked late in the provided data.
Context
- Restricted stock awards are compensation and typically remain subject to forfeiture until they vest; they do not indicate an open-market purchase (which some investors view as a stronger bullish signal). This grant reflects company compensation to a director rather than a direct cash investment by the insider.