Provident Financial (PROV) SVP trims stake in $17 share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Provident Financial Holdings Senior Vice President David Weiant sold 1,012 shares of common stock at $17.00 per share in an open-market transaction. After this sale on June 8, 2026, he directly held 8,907 common shares. A separate entry shows 16,066 shares held indirectly through an ESOP.
The direct holdings include 1,675 shares of restricted stock under the Provident 2013 Equity Incentive Plan that vest on August 12, 2026, and 4,500 restricted shares under the Provident 2022 Equity Incentive Plan that vest on May 23, 2028. The sale affects only a portion of his overall reported position.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,012 shares ($17,204)
Net Sell
2 txns
Insider
Weiant David
Role
Senior Vice President
Sold
1,012 shs ($17K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock PAR Value $0.01 | 1,012 | $17.00 | $17K |
| holding | Common Stock PAR Value $0.01 | -- | -- | -- |
Holdings After Transaction:
Common Stock PAR Value $0.01 — 8,907 shares (Direct, null);
Common Stock PAR Value $0.01 — 16,066 shares (Indirect, By ESOP)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 1,012 shares
Sale price: $17.00 per share
Direct holdings after sale: 8,907 shares
+3 more
6 metrics
Shares sold
1,012 shares
Open-market sale of common stock on June 8, 2026
Sale price
$17.00 per share
Price for 1,012 common shares sold
Direct holdings after sale
8,907 shares
Common stock directly owned following transaction
Indirect ESOP holdings
16,066 shares
Common stock held indirectly by ESOP
2013 plan restricted stock
1,675 shares
Vesting on August 12, 2026 under 2013 Equity Incentive Plan
2022 plan restricted stock
4,500 shares
Vesting on May 23, 2028 under 2022 Equity Incentive Plan
Key Terms
restricted stock, Equity Incentive Plan, ESOP, open-market sale
4 terms
restricted stock financial
"The direct ownership of shares includes 1,675 shares of restricted stock under the Provident 2013 Equity Incentive Plan"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Equity Incentive Plan financial
"under the Provident 2013 Equity Incentive Plan, which vests on August 12, 2026; and 4,500 shares of restricted stock under the Provident 2022 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
ESOP financial
"nature_of_ownership": "By ESOP""
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transaction did PROV executive David Weiant report?
Senior Vice President David Weiant reported selling 1,012 shares of Provident Financial Holdings common stock at $17.00 per share. The Form 4 also lists his remaining direct and indirect holdings, including restricted stock that vests in 2026 and 2028.
What restricted stock awards does PROV executive David Weiant hold?
The filing notes 1,675 restricted shares under the Provident 2013 Equity Incentive Plan vesting on August 12, 2026, and 4,500 restricted shares under the Provident 2022 Equity Incentive Plan vesting on May 23, 2028, all included within his direct ownership.