Provident Financial ratifies 2024 incentive plan: EPS, net income, efficiency ratio as metrics

PROVIDENT FINANCIAL SERVICES INC

Plan uses three corporate targets: EPS (40%), net income (40%), efficiency ratio (20%).
Potential aggregate payments for NEOs range from ~$827K (threshold) to ~$2.484M (maximum).
Chief Wealth Officer and President of Provident Protection Plus incentivized 20% on company performance, 80% on business line.
Plan previously approved by stockholders in 2015; no changes to structure for 2024.

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