Provident Financial Services Elects Director, Appoints Chief Accounting Officer

What Happened

• Provident Financial Services, Inc. (PFS) filed a Form 8-K (Aug 4, 2026) reporting two leadership changes effective July 30, 2026. The Board elected Michael E. Regan as a Class of 2028 director and expanded both the Company and Provident Bank boards from 12 to 13 members. The Board also appointed Diane Gigliotti as Senior Vice President and Chief Accounting Officer for the Company and the Bank.

Key Details

• Michael E. Regan: elected Class of 2028 director; will serve on the Audit Committee, Enterprise Risk Committee and Finance Committee; will receive standard non‑employee director cash retainers and equity awards per the company’s April 8, 2026 proxy.
• Diane Gigliotti: appointed Chief Accounting Officer; effective July 30, 2026; initial base salary $310,000; target annual incentive = 30% of base salary; target long‑term incentive = 25% of base salary; eligible for executive benefit plans.
• Backgrounds: Gigliotti (age 46) joined PFS in 2023, is a CPA, holds an MBA (NYU Stern) and BS in Accounting (Rutgers), and previously served as CFO/Managing Director of BBVA’s New York Branch; no related‑party transactions or family ties reported for either appointee.

Why It Matters

• For investors, the additions strengthen governance and accounting leadership: Regan adds board resources on audit, risk and finance oversight, while Gigliotti fills the Company’s top accounting role with a senior, regulatory‑experienced executive. The disclosed compensation terms for the CAO signal the company’s pay-grade for this finance role and confirm continuity in financial reporting oversight.