What is true of `List<String> EVENTS = new ArrayList<>();` declared in an interface?

What is true of `List<String> EVENTS = new ArrayList<>();` declared in an interface?

1. The reference is public, static, and final, but callers can still mutate the list.
2. Every implementing object receives an independent list.
3. The declaration is illegal because interface fields cannot use constructors.
4. The list and all of its elements become deeply immutable.