No trading catalyst; this is a standard executive compensation renewal. Monitor for any future amendments to compensation or changes in leadership that might signal strategic shifts.
Price Chart
Executive Summary
Provident Financial Services entered into an amended and restated Executive Chairman Agreement with Christopher Martin, extending his term through May 21, 2028, with a base salary of at least $577,500 per year and a Director Emeritus role post-service. The company also entered into a related Change in Control Agreement with substantially similar terms to the prior agreement. These are routine compensatory arrangements with no material financial impact.
Key Facts
- Executive Chairman Christopher Martin's new agreement runs through May 21, 2028 (2-year term).
- Base salary of not less than $577,500 per year.
- Upon termination without cause or for good reason, severance equals base salary for the remaining term.
- Change in control severance equals fraction of term remaining times average annual compensation over prior 3 years.
- Upon end of service, Martin will serve as Director Emeritus of Provident Bank for 3 years.
Financial Impact
No material financial impact; base salary disclosure is routine.
Risk Factors
- None material from this filing.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000943374-26-000211 |
| Exhibit: ex10-2_8k052126.htm | 0000943374-26-000211 |
| Document: form8k_052126.htm | 0000943374-26-000211 |
| Document: 0000943374-26-000211-index-headers.html | 0000943374-26-000211 |
| Document: 0000943374-26-000211-index.html | 0000943374-26-000211 |
| Document: 0000943374-26-000211.txt | 0000943374-26-000211 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 24, 2026 5w ago | 424B5 | $23.57 $22.65 | ▼ −3.90% | ▼ −5.22% | $22.58 (−4.20%) |
Aug 20, 2026 6w ago | Press Release | $23.71 $22.93 | ▼ −3.29% | ▼ −2.76% | $22.58 (−4.77%) |
Aug 20, 2026 6w ago | 424B5 | $23.69 $23.06 | ▼ −2.66% | ▼ −2.66% | $22.58 (−4.69%) |
Aug 14, 2026 7w ago | 8-K | $24.64 $23.34 | ▼ −5.28% | ▼ −3.28% | $22.58 (−8.36%) |
Jul 30, 2026 9w ago | 8-K | $24.86 $23.56 | ▼ −5.23% | ▼ −9.19% | $22.58 (−9.17%) |
Jul 30, 2026 9w ago | 8-K | $24.86 $23.56 | ▼ −5.23% | ▼ −9.19% | $22.58 (−9.17%) |
Jul 29, 2026 9w ago | Press Release | $24.86 $23.56 | ▼ −5.23% | ▼ −9.19% | $22.58 (−9.17%) |
Jun 4, 2026 17w ago | 8-K | $22.34 $23.54 | ▲ +5.37% | ▲ +6.74% | $22.58 (+1.07%) |
May 26, 2026 18w ago | 8-K | $22.43 $23.53 | ▲ +4.88% | ▲ +6.83% | $22.58 (+0.67%) |
Apr 30, 2026 22w ago | 8-K | $22.14 $21.84 | ▼ −1.34% | ▼ −6.60% | $22.58 (+2.01%) |
US Market Status
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