MCCRACKEN ROBERT E 4
Research Summary
AI-generated summary
Provident Financial (PFS) Director Robert McCracken Sells 6,177 Shares
What Happened
- Robert E. McCracken, a director of Provident Financial Services, sold 6,177 shares in an open-market transaction on February 26, 2026. The shares were sold at $22.13 each for total proceeds of about $136,697. This was a sale (code S), which is often routine insider selling and not necessarily a signal about company outlook.
Key Details
- Transaction date and price: 2026-02-26, 6,177 shares at $22.13 per share.
- Total value: approximately $136,697.
- Shares owned after transaction: not disclosed in the provided filing excerpt.
- Footnotes/plan: no 10b5-1 plan, tax withholding, or other special footnotes indicated in the provided details.
- Filing timeliness: Form 4 was filed on 2026-02-27 (one day after the transaction), which is within the typical two-business-day reporting window and therefore appears timely.
Context
- Sales by directors can be routine (diversification, liquidity, planned sales) and are generally less informative than insider purchases when assessing insider sentiment. No option exercise, gift, or other derivative activity was reported in this transaction.