---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-033337"
form_type: "8-K"
ticker: "PFS"
cik: "0001178970"
company_name: "PROVIDENT FINANCIAL SERVICES INC"
filed_at: "2025-06-27T23:59:59+00:00"
generated_at: "2026-05-18T15:31:48.617658+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Provident Financial amends CEO Labozzetta's employment agreement with $1M base salary, enhanced severance

## Summary
- New base salary of $1,000,000 per year; term through June 26, 2028 with auto-renewals.
- Non-change-of-control termination severance: 2x (base + target bonus) paid over 24 months; plus COBRA reimbursement.
- Change-in-control termination severance: 3x (base + target bonus) plus cash for COBRA and life/disability for 36 months.
- Non-compete period increased to one year from termination.
- Agreement replaces prior March 2020 agreement; substantially similar except for above changes.

## SEC filing metadata
- accession: 0001628280-25-033337
- form_type: 8-K
- ticker: PFS
- cik: 0001178970
- company_name: PROVIDENT FINANCIAL SERVICES INC
- filed_at: 2025-06-27T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1178970/000162828025033337/0001628280-25-033337-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1178970/000162828025033337/pfs-20250626.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-033337
- JSON: https://secwatch.observer/filing/0001628280-25-033337.json
- Plain text: https://secwatch.observer/filing/0001628280-25-033337.txt

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