SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
MARTIN CHRISTOPHER P

(Last) (First) (Middle)
239 WASHINGTON STREET

(Street)
JERSEY CITY NJ 07302

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PROVIDENT FINANCIAL SERVICES INC [ PFS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Executive Chairman
3. Date of Earliest Transaction (Month/Day/Year)
01/31/2023
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/31/2023 M 26,755(1) A $15.23 561,996 D
Common Stock 01/31/2023 M 25,126(1) A $15.23 587,122 D
Common Stock 01/31/2023 S 51,881 D $23.35(2) 535,241 D
Common Stock 179,897(3) I By 401(k) Plan
Common Stock 21,291(3) I By ESOP
Common Stock 17,785 I By Deferred Fee Plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options $15.23 01/31/2023 M 26,755 02/19/2014 02/19/2023 Common Stock 26,755 $0 0 D
Stock Options $15.23 01/31/2023 M 25,126 02/19/2015 02/19/2023 Common Stock 25,126 $0 0 D
Stock Options $23.7 03/02/2023 03/02/2032 Common Stock 34,353 34,353(4) D
Stock Options $20.66 03/03/2022 03/03/2031 Common Stock 56,605 56,605(4) D
Stock Options $20.62 03/03/2021 03/03/2030 Common Stock 107,240 107,240(4) D
Stock Options $27.25 03/04/2020 03/04/2029 Common Stock 41,685 41,685(4) D
Stock Options $25.58 03/05/2019 03/05/2028 Common Stock 43,124 43,124(5) D
Stock Options $26.31 03/07/2018 03/07/2027 Common Stock 42,857 42,857(5) D
Stock Options $18.34 02/19/2016 02/19/2025 Common Stock 65,972 65,972(5) D
Stock Options $16.38 02/19/2015 02/19/2024 Common Stock 35,000 35,000(5) D
Stock Options $16.38 02/19/2016 02/19/2024 Common Stock 45,762 45,762(5) D
Stock Options $18.7 02/24/2017 02/24/2026 Common Stock 76,327 76,327(5) D
Explanation of Responses:
1. Reflects exercise of options that expire on February 19, 2023.
2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.21 to $23.53, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
3. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
4. Stock options vest at a rate of 33.3% per year.
5. Stock options have fully vested.
Remarks:
/s/ John F. Kuntz, Pursuant to Power of Attorney 02/02/2023
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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