---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-036050"
form_type: "8-K"
ticker: "PFS"
cik: "0001178970"
company_name: "PROVIDENT FINANCIAL SERVICES INC"
filed_at: "2025-07-25T23:59:59+00:00"
generated_at: "2026-05-18T00:49:55.659478+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Provident Financial adopts new Executive Severance Plan for named executive officers

## Summary
- Board adopted Provident Bank Executive Severance Plan effective July 24, 2025.
- Executives must waive existing change-in-control agreements to participate.
- Outside CIC: severance = 1x base salary + 1x target incentive + COBRA for 1 year.
- Within CIC: Lyons gets 3x multiple; Murray & Vakacherla get 2x multiple; no excise tax gross-up.
- Named executive officers: Thomas Lyons, Valerie Murray, Ravi Vakacherla.

## SEC filing metadata
- accession: 0001628280-25-036050
- form_type: 8-K
- ticker: PFS
- cik: 0001178970
- company_name: PROVIDENT FINANCIAL SERVICES INC
- filed_at: 2025-07-25T23:59:59+00:00
- event_type: leadership
- 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/1178970/000162828025036050/0001628280-25-036050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1178970/000162828025036050/pfs-20250724.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-036050
- JSON: https://secwatch.observer/filing/0001628280-25-036050.json
- Plain text: https://secwatch.observer/filing/0001628280-25-036050.txt

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