Provident Financial (PROV) SVP has 601 shares withheld to cover tax obligations
Rhea-AI Filing Summary
Provident Financial Holdings Inc. Senior Vice President Gwendolyn Wertz reported a Code F transaction where 601 shares of common stock were withheld by the issuer on August 12, 2026 at $18.02 per share to satisfy tax withholding obligations on vesting restricted stock.
After this withholding, she holds 18,083 shares directly, including 4,500 shares of restricted stock under the Provident 2022 Equity Incentive Plan that vest on May 23, 2028, and an additional 8,207 shares held indirectly through an ESOP.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 601 shares
Net Sell
2 txns
Insider
Wertz Gwendolyn
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, PAR value $0.01 F1, F2 | 601 | $18.02 | $11K |
| holding | Common Stock, PAR value $0.01 | -- | -- | -- |
Holdings After Transaction:
Common Stock, PAR value $0.01 — 18,083 shares (Direct);
Common Stock, PAR value $0.01 — 8,207 shares (Indirect, By ESOP)
Footnotes (2)
- F1. Represents shares withheld by the issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock.
- F2. The ownership of 18,083 shares include 4,500 shares of restricted stock under the Provident 2022 Equity Incentive Plan, which vests on May 23, 2028.
Key Figures
Shares withheld for taxes: 601 shares
Withholding price: $18.02 per share
Direct shares after transaction: 18,083 shares
+3 more
6 metrics
Shares withheld for taxes
601 shares
Common stock withheld on August 12, 2026 to satisfy tax withholding obligations
Withholding price
$18.02 per share
Price used for the 601-share tax withholding transaction
Direct shares after transaction
18,083 shares
Direct ownership of common stock following the August 12, 2026 withholding
Indirect ESOP shares
8,207 shares
Indirect ownership of common stock held by ESOP
Restricted stock included
4,500 shares
Restricted stock under Provident 2022 Equity Incentive Plan included in direct holdings
Restricted stock vesting date
May 23, 2028
Vesting date for 4,500 restricted shares under the 2022 Equity Incentive Plan
Key Terms
restricted stock, Provident 2022 Equity Incentive Plan, ESOP, tax withholding obligations
4 terms
restricted stock financial
"vesting of restricted stock."
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.
Provident 2022 Equity Incentive Plan financial
"restricted stock under the Provident 2022 Equity Incentive Plan, which vests"
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.
tax withholding obligations financial
"to satisfy tax withholding obligations in connection with the vesting"
FAQ
What insider transaction did PROV Senior Vice President Gwendolyn Wertz report?
Gwendolyn Wertz reported a Code F transaction where 601 shares of Provident Financial Holdings common stock were withheld at $18.02 per share to cover tax withholding obligations related to the vesting of restricted stock on August 12, 2026.
What restricted stock holdings does the PROV Senior Vice President have outstanding?
Within her 18,083 direct shares, Gwendolyn Wertz holds 4,500 shares of restricted stock granted under the Provident 2022 Equity Incentive Plan, scheduled to vest on May 23, 2028, according to the footnote disclosure.
Was the PROV insider transaction part of a Rule 10b5-1 trading plan?
The document-level indication shows the Rule 10b5-1 checkbox is not affirmed, and the footnotes do not describe any pre-arranged trading plan related to the 601-share tax withholding transaction for Gwendolyn Wertz.
AI-generated analysis. How Rhea-AI works. Not financial advice.
