other
confidence high
sentiment neutral
materiality 0.40
Provident Bank designates four NEOs eligible for non-qualified deferred comp plan
PROVIDENT FINANCIAL SERVICES INC
- Compensation Committee designates Anthony Labozzetta, Thomas M. Lyons, Valerie O. Murray, and George Lista as eligible participants.
- Plan allows deferral of up to 50% of cash compensation (base salary and annual incentive) for EVP+ officers.
- Company contributions may be made at Committee discretion; none have been approved yet.
- Investment benchmark initially set as 10-year U.S. Treasury constant maturity yield.
- Plan effective January 1, 2025; distributions upon separation, death, disability, or scheduled in-service.