Nigro James M. 4
4 · PROVIDENT FINANCIAL SERVICES INC · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Provident Financial (PFS) EVP James Nigro Sells 3,831 Shares
What Happened
James M. Nigro, EVP and Chief Credit Officer of Provident Financial Services, had 3,831 shares disposed on Feb 27, 2026 to cover tax obligations. The shares were recorded at $21.04 each for a total value of $80,604. This was a tax-withholding/settlement disposal (transaction code F), not a typical open-market sale intended as a bearish signal.
Key Details
- Transaction date: 2026-02-27; Price: $21.04; Shares disposed: 3,831; Total value: $80,604.
- Transaction code: F — payment of exercise price or tax liability (here used to satisfy taxes).
- Shares owned after the transaction: Not disclosed in the provided filing excerpt.
- Filing date: 2026-03-03. This filing appears timely (filed within the Form 4 reporting window).
- No 10b5-1 plan or other selling-plan note is indicated in the supplied details.
Context
An "F" code disposal typically means shares were surrendered or withheld to satisfy tax withholding following an option exercise or award vesting. These transactions are routine and generally reflect tax settlement mechanics rather than an insider expressing a view on the stock. Purchases by insiders tend to be more informative about sentiment; tax-withholding disposals are common and not usually viewed as directional trades.
Insider Transaction Report
- Tax Payment
Common Stock
2026-02-27$21.04/sh−3,831$80,604→ 97,677 total