Sundar PichaiSundar Pichai earned $164M in 2023

Christopher Martin, the Executive Chairman of Provident Financial Services, has a longstanding history in the banking sector. He began his journey with Provident in 2004, shortly after the acquisition of First Savings Bank where he was the President. His leadership...

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Christopher Martin

Ex-CEO of Provident Financial Services

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

CEO of Provident Financial Services for

16 years 10 months (Feb 2005 - Jan 2022)

Previous Experience

President and Chief Executive Officer of First Sentinel Bancorp, Inc. and First Savings Bank

Rivals

Competitors/colleagues of Christopher Martin

Holdings

See how much did Christopher Martin make over time.

Christopher Martin's involvement with stock holdings shows interesting dynamics over the years. In 2019, he had a significant holding that generated over $900,000 from vested stock, showcasing his deep connection to the company's success. As of 2022, his balance in...

Mar 17, 2025

Total Stock Sold

$5.54M

PFS

$5.54M

235,372 PFS shares

What if they kept their stock?

If Christopher Martin didn't sell their stock, today they would have:
Extra PFS235,372 shares worth $3.30M.
This is -40.48% and $2.24M less than what they got when they sold the stock.

Charitable Transactions

PFS

7,814 shares

PFS

Recent Charitable Transactions

PFS

7,814 shares

PFS

Dec 31, 2017

Charity

Insider Trading

See recent insider trades of Christopher Martin.

PFS

$374.30K

PFS at $20.62/share

Nov 20, 2024

Sale

PFS

42,477 shares

PFS

Mar 3, 2024

Received

PFS

42,391 shares

PFS

Mar 3, 2023

Received

PFS

$1.21M

PFS at $23.35/share

Jan 31, 2023

Sale

PFS

17,667 shares

PFS

Mar 4, 2022

Received

PFS

16,173 shares

PFS

Mar 5, 2021

Received

PFS

$318.65K

PFS at $12.75/share

Sep 10, 2020

Purchase

PFS

28,292 shares

PFS

Mar 7, 2020

Received

PFS

33,678 shares

PFS

Mar 5, 2019

Received

PFS

31,224 shares

PFS

Mar 7, 2018

Received

Compensation History

See how much did Christopher Martin make over time.

In the 2022 fiscal year, Christopher Martin earned around $1,031,236 in total compensation as the Executive Chairman of Provident Financial Services. This amount includes a base salary of $450,000, with no bonus due to his role in the annual cash incentive plan. His commitments emphasize aligning executive pay with the company's performance metrics, such as net income and expense ratio. His structure is designed to ensure that his earnings are more connected to the long-term success of Provident rather than immediate cash bonuses, showing a commitment to sustainable growth. Over the years, his compensation fluctuated, with notable earnings in previous roles, including a high of about $2,274,999 in 2021 before his transition to Executive Chairman. This compensation program reflects a thoughtful approach to motivating leadership while ensuring accountability to shareholders.

Year

2022

Total Compensation

$1.00M

Salary

$450.00K

Board Justification

The executive compensation program is designed to align pay with performance in a manner consistent with safe and sound business practices and sustainable financial performance consistent with the interests of stockholders.

Bonus

$0.00

Board Justification

As Executive Chairman, Mr. Martin did not participate in the annual cash incentive plan in 2022.

Other

$139.24K

Board Justification

Includes perquisites such as the use of employer-owned automobiles, car allowances, membership dues, and other personal benefits, as well as employer contributions to defined contribution plans.

Restricted Stock

$413.76K(17.67K common stock)

Board Justification

Performance-vesting stock awards for the 2020-2022 performance period vested on March 3, 2023, achieving performance at maximum level for both the cumulative Average Core Return on Average Assets and the cumulative Average Core Return on Tangible Equity goals.

Performance Metrics

The performance metrics for 2022 included net income, expense ratio, and earnings per share.

Other Provident Financial Services CEOs

Here are other CEOs of Provident Financial Services