Provident Financial (PROV) SVP sells 1,000 shares, holds ESOP stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Provident Financial Holdings Senior Vice President David Weiant reported an open-market sale of 1,000 shares of common stock at $17.10 per share. After the transaction, he holds 9,919 shares directly and 16,066 shares indirectly through an ESOP. The direct holdings include 1,675 restricted shares scheduled to vest on August 12, 2026 and 4,500 restricted shares scheduled to vest on May 23, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,000 shares ($17,100)
Net Sell
2 txns
Insider
Weiant David
Role
Senior Vice President
Sold
1,000 shs ($17K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock PAR Value $0.01 | 1,000 | $17.10 | $17K |
| holding | Common Stock PAR Value $0.01 | -- | -- | -- |
Holdings After Transaction:
Common Stock PAR Value $0.01 — 9,919 shares (Direct, null);
Common Stock PAR Value $0.01 — 16,066 shares (Indirect, By ESOP)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 1,000 shares
Sale price: $17.10 per share
Direct holdings after sale: 9,919 shares
+4 more
7 metrics
Shares sold
1,000 shares
Open-market sale of common stock on June 4, 2026
Sale price
$17.10 per share
Price for 1,000 common shares sold
Direct holdings after sale
9,919 shares
Common stock held directly following the transaction
Indirect ESOP holdings
16,066 shares
Common stock held indirectly by ESOP
2013 Plan restricted shares
1,675 shares
Restricted stock vesting on August 12, 2026
2022 Plan restricted shares
4,500 shares
Restricted stock vesting on May 23, 2028
Net buy/sell shares
-1,000 shares
Net share change indicated as net-sell in summary
Key Terms
restricted stock, Equity Incentive Plan, ESOP, par value
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
"restricted stock under the Provident 2013 Equity Incentive Plan, which vests on August 12, 2026"
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
"total_shares_following_transaction: 16066.0000, direct_or_indirect: I, 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.
par value financial
"security_title: Common Stock PAR Value $0.01"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
FAQ
What insider transaction did Provident Financial (PROV) report for David Weiant?
Provident Financial Senior Vice President David Weiant reported an open-market sale of 1,000 shares of common stock. The transaction was recorded on June 4, 2026 and classified as a non-derivative sale in common stock.
What indirect Provident Financial (PROV) holdings does David Weiant report?
The filing shows 16,066 shares of Provident Financial common stock held indirectly by David Weiant through an ESOP. This position is reported separately from his direct holdings and is classified with an indirect ownership type.
What restricted stock awards does David Weiant have from Provident Financial (PROV)?
A footnote explains that his direct ownership includes 1,675 restricted shares under the 2013 Equity Incentive Plan vesting August 12, 2026, and 4,500 restricted shares under the 2022 Equity Incentive Plan vesting May 23, 2028.
Does this Provident Financial (PROV) Form 4 involve any derivative securities?
No derivative transactions are reported in this Form 4 for David Weiant. The filing lists only common stock transactions and holdings, with the derivative transaction count indicated as zero in the summary.