Provident's Wealth Management Head Murray to Depart May 22; $1.2M Separation Pay

PROVIDENT FINANCIAL SERVICES INC

Valerie O. Murray, President of Beacon Trust and EVP & Chief Wealth Mgmt Officer, resigns effective May 22, 2026.
Transition to non-executive role on garden leave from Mar 27 to May 22; continues base salary and benefits.
Entitled to $1.2M lump sum separation payment, subject to release and conditions.
Non-vested equity awards forfeited upon separation.
Company confirms resignation not related to any disagreement over operations, policies, or practices.

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