Provident SVP sells 2,732 shares at $17.12
Provident Financial Holdings Inc. Senior Vice President David Weiant reported an open-market sale of 2,732 shares of common stock at $17.12 per share.
Rhea-AI Filing Summary
Provident Financial Holdings Inc. Senior Vice President David Weiant reported an open-market sale of 2,732 shares of common stock at $17.12 per share. After this transaction, he directly holds 6,175 shares, all in the form of restricted stock that vests in future years.
The filing also notes an additional 16,066 shares held indirectly through the company’s ESOP, reflecting a separate block of beneficial ownership associated with his employment. Overall, the activity represents a routine insider sale while leaving him with both direct restricted stock awards and indirect ESOP holdings in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,732 shares
Net Sell
2 txns
Insider
Weiant David
Role
Senior Vice President
Sold
2,732 shs ($47K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock PAR Value $0.01 | 2,732 | $17.12 | $47K |
| holding | Common Stock PAR Value $0.01 | -- | -- | -- |
Holdings After Transaction:
Common Stock PAR Value $0.01 — 6,175 shares (Direct);
Common Stock PAR Value $0.01 — 16,066 shares (Indirect, By ESOP)
Footnotes (1)
- F1. The direct ownership of shares is comprised of 1,675 shares of restricted stock 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, which vests on May 23, 2028.
Key Figures
Shares sold: 2,732 shares
Sale price: $17.12 per share
Direct holdings after sale: 6,175 shares
+3 more
6 metrics
Shares sold
2,732 shares
Open-market sale of common stock
Sale price
$17.12 per share
Price for 2,732 sold shares
Direct holdings after sale
6,175 shares
Direct restricted stock following transaction
Indirect ESOP holdings
16,066 shares
Shares held indirectly by ESOP
2013 Plan restricted shares
1,675 shares
Vest on August 12, 2026
2022 Plan restricted shares
4,500 shares
Vest on May 23, 2028
Key Terms
restricted stock, Equity Incentive Plan, ESOP, open-market sale
4 terms
restricted stock financial
"The direct ownership of shares is comprised of 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
"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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Provident Financial (PROV) executive David Weiant report in this Form 4?
He reported an open-market sale of 2,732 shares of Provident Financial common stock at $17.12 per share. The filing also details his remaining direct restricted stock holdings and additional shares held indirectly through the company’s ESOP.
What does the Form 4 say about David Weiant’s restricted stock in Provident Financial (PROV)?
The filing states he holds 1,675 restricted shares under the 2013 Equity Incentive Plan vesting on August 12, 2026, and 4,500 restricted shares under the 2022 Equity Incentive Plan vesting on May 23, 2028, totaling 6,175 direct restricted shares.
How are David Weiant’s indirect Provident Financial (PROV) holdings structured?
The Form 4 shows 16,066 shares of Provident Financial common stock held indirectly "By ESOP." This indicates the shares are attributed to him through the company’s Employee Stock Ownership Plan rather than held in a standard brokerage account.
Is this Provident Financial (PROV) Form 4 transaction a buy or a sell?
The transaction reported is a sale. The Form 4 lists a transaction code "S," meaning an open-market or private sale, covering 2,732 shares at $17.12 per share, with updated post-transaction direct and indirect holdings disclosed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
