MacDougall Bennett 4

What Happened

• MacDougall Bennett, EVP, General Counsel and Secretary of Provident Financial Services, Inc. (PFS), received 7,522 performance-vesting shares on 2026-05-20 (reported as an award/acquisition, code A, $0.00 per share). On the same date, 2,712 shares were disposed/withheld to satisfy tax withholding at $22.15 per share, totaling $60,071 (code F).

Key Details

• Transaction date: 2026-05-20; Form 4 filed 2026-05-21 (timely).
• Award: 7,522 shares acquired (code A) at $0.00.
• Tax withholding: 2,712 shares disposed (code F) at $22.15 = $60,071.
• Footnote: These were performance-vesting awards granted May 20, 2024 that vested after meeting specified performance criteria (F1).
• Shares owned after the transaction: not specified in the filing.
• Codes explained: A = award/acquisition; F = shares withheld/used to pay tax liability.

Context

• This was a vesting of previously granted performance-based stock awards, not an open-market purchase. The 2,712-share disposition was a routine tax-withholding action (shares withheld to cover taxes) rather than a market sale intended to realize cash. Such withholding is common and doesn't necessarily signal insider sentiment about the company.