other material
confidence high
sentiment neutral
materiality 0.50
Provident Financial amends Executive Chairman Martin's agreement through May 2028, adds Director Emeritus role
PROVIDENT FINANCIAL SERVICES INC
- Amended Executive Chairman Agreement extends term to May 21, 2028, superseding prior 2021 agreement.
- Upon term end or board departure, Martin serves as Director Emeritus of Provident Bank for three years.
- Amended Change in Control Agreement sets severance equal to remaining days in term divided by 365 times average annual compensation.
- Base salary floor remains $577,500; all other compensation and benefits substantially unchanged.
- Agreements dated May 21, 2026, and filed as Exhibits 10.1 and 10.2.