---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-006663"
form_type: "8-K"
ticker: "PFS"
cik: "0001178970"
company_name: "PROVIDENT FINANCIAL SERVICES INC"
filed_at: "2024-02-23T23:59:59+00:00"
generated_at: "2026-06-05T16:45:42.174516+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-006663
- form_type: 8-K
- ticker: PFS
- cik: 0001178970
- company_name: PROVIDENT FINANCIAL SERVICES INC
- filed_at: 2024-02-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1178970/000162828024006663/0001628280-24-006663-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1178970/000162828024006663/pfs-20240222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-006663
- JSON: https://secwatch.observer/filing/0001628280-24-006663.json
- Plain text: https://secwatch.observer/filing/0001628280-24-006663.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.