Provident Financial (PROV) SVP has 27,482 direct shares after tax-withholding event
Rhea-AI Filing Summary
Provident Financial Holdings Inc. Senior Vice President Robert Scott Ritter reported a Code F transaction in common stock. On 2026-08-12, 601 shares were withheld by the issuer at $18.02 per share to satisfy tax withholding obligations tied to vested restricted stock. After this, he directly held 27,482 shares, including 4,500 shares of restricted stock that vest on May 23, 2028, and indirectly held 6,298 shares through an ESOP.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 601 shares
Net Sell
2 txns
Insider
Ritter Robert Scott
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 — 27,482 shares (Direct);
Common Stock, PAR value $0.01 — 6,298 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 27,482 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 holdings after transaction: 27,482 shares
+3 more
6 metrics
Shares withheld for taxes
601 shares
Shares withheld by issuer on 2026-08-12 to satisfy tax withholding obligations
Withholding price
$18.02 per share
Value used for 601 tax-withheld shares of common stock
Direct holdings after transaction
27,482 shares
Direct common stock held by Robert Scott Ritter following the Code F transaction
Restricted stock included
4,500 shares
Restricted stock under the Provident 2022 Equity Incentive Plan vesting on May 23, 2028
Indirect ESOP holdings
6,298 shares
Indirect ownership of common stock held through ESOP after the reported transaction
Exercise price or tax-liability shares
601 shares
Shares used for payment of tax liability in the Code F transaction
Key Terms
restricted stock, Provident 2022 Equity Incentive Plan, ESOP, tax withholding obligations
4 terms
restricted stock financial
"Represents shares withheld by the issuer to satisfy tax withholding obligations in connection with the 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
"4,500 shares of restricted stock under the Provident 2022 Equity Incentive Plan, which vests on May 23, 2028."
ESOP financial
"Indirect ownership entry labeled By ESOP for 6,298 shares of common stock."
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
"Represents shares withheld by the issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock."
FAQ
What insider transaction did Provident Financial (PROV) executive Robert Scott Ritter report?
Robert Scott Ritter reported a Code F transaction where 601 shares of Provident Financial common stock were withheld to satisfy tax withholding obligations related to vesting restricted stock at $18.02 per share on 2026-08-12.
Was the Provident Financial (PROV) Form 4 transaction a market sale by Robert Scott Ritter?
No. The Form 4 shows a Code F transaction, where 601 shares were withheld by the issuer at $18.02 to cover tax withholding obligations from vesting restricted stock, rather than a discretionary market sale.
What restricted stock holdings does Robert Scott Ritter have in Provident Financial (PROV)?
His post-transaction direct holdings include 4,500 shares of restricted stock under the Provident 2022 Equity Incentive Plan, which are scheduled to vest on May 23, 2028 as part of his equity compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
