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Insider Sale Insider Sale November 20, 2024

LEPPERT EDWARD J sold ~$3.9M in Provident Financial Services, Inc. stock

Provident Financial Services, Inc. (PFS)  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

PFS price after insider trade by LEPPERT EDWARD J

Insider

LEPPERT EDWARD J

Role

Transaction

Open-Market Sale

Approx. Value

~$3.9M

Trade Date

Nov 20, 2024

Company

Provident Financial Services, Inc.

Ticker

PFS

Source

SEC EDGAR Form 4

Strong conviction signal

Scored above average across multiple factors. Roughly 15% of insider trades qualify as Strong.

~$3.9M sale

Trades over $1M are rare. When insiders put this much of their own money on the line, they tend to have high conviction in their company's direction.

3 insiders traded in the same window

When multiple insiders independently buy within 30 days, it's called a cluster. Studies show clustered insider purchases outperform solo trades significantly, because several people with inside knowledge are reaching the same conclusion.

LE

How good is LEPPERT EDWARD J at picking stocks?

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3

LEPPERT EDWARD J wasn't the only one selling.

3 insiders at Provident Financial Services, Inc. traded within the same 30-day window.

See who else bought · Free

On November 20, 2024, LEPPERT EDWARD J — a corporate insider at Provident Financial Services, Inc. — filed a Form 4 with the SEC disclosing an open-market sale of approximately ~$3.9M in Provident Financial Services, Inc. (PFS) stock.

This transaction was part of a cluster — 3 insiders at Provident Financial Services, Inc. made open-market sales within the same 30-day window. Cluster activity from multiple independent insiders is one of the most studied patterns in insider trading research.

Under Section 16(a) of the Securities Exchange Act of 1934, corporate insiders must report all open-market stock transactions to the SEC within two business days. These filings — known as Form 4s — are publicly available on the SEC's EDGAR database. VeritySignals filters and scores the full Form 4 stream to surface high-conviction signals like this one.

Full Conviction Analysis

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All data sourced from publicly available SEC Form 4 filings via EDGAR · Not financial advice · Past performance does not guarantee future results.

Signal strength Strong
Trade size ~$3.9M
Insider role Insider
Cluster 3 insiders

What is this?

When company executives buy or sell their own stock, they must report it to the SEC within 2 days. These public filings reveal what the people who know the company best are doing with their own money.

Why does it matter?

Insiders can sell for many reasons (taxes, diversification, expenses), but they generally only buy for one: they think the stock is going up. That's why insider purchases are more predictive than sales.

What makes a trade "strong"?

We score trades on 15+ factors: the insider's role (CEO > director), trade size relative to their salary, whether other insiders also bought (clusters), and historical accuracy of the insider.

Read our full methodology →

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