Provident Financial (PFS) Director Regan Receives 3,066-Share Award
$PFS · PROVIDENT FINANCIAL SERVICES INCResearch Summary
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Provident Financial (PFS) Director Regan Receives 3,066-Share Award
What Happened
Michael Edward Regan, a director of Provident Financial Services, was granted 3,066 shares of restricted common stock on August 7, 2026. The grant was recorded at $0.00 per share (an award rather than a purchase), so no cash was exchanged. This is an equity award typically issued as compensation for service rather than an open-market investment.
Key Details
- Transaction date: 2026-08-07; Form 4 filed: 2026-08-10 (timely filing).
- Transaction type/code: A (Grant/Award).
- Shares granted/acquired: 3,066 shares; reported price: $0.00; total cash paid: $0.
- Vesting: Per footnote, the restricted stock 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.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- No indication of a 10b5-1 plan, tax withholding, gift, or exercise in this filing.
Context
Restricted stock awards are common compensation for directors and typically vest over time or at a specified corporate event; they do not necessarily reflect an immediate buying or selling decision. Because this was an awarded grant (not an open-market purchase), it should be viewed primarily as compensation rather than a direct bullish signal.