Provident Financial amends Executive Chairman Christopher Martin's agreement to 2028
Provident Financial Services entered into an amended and restated Executive Chairman Agreement and Change in Control Agreement with Christopher Martin, its Executive Chairman. The agreements are substantially identical to his prior agreements, except that both terms now expire on May 21, 2028, and the change in control severance formula and insurance terms are otherwise unchanged in substance.
Key points
- Both agreements expire May 21, 2028, replacing the prior agreements.
- After the agreement ends or Martin leaves the Board, he will serve as Director Emeritus of Provident Bank for three years.
- Change in control severance is prorated by days remaining in the term over 365, multiplied by his average Annual Compensation for the three prior completed calendar years.
- Martin will receive continued insurance coverage at no cost for the remainder of the term.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:49 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 26, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.