Provident Financial (PROV) SVP has shares withheld for taxes on vesting stock
Rhea-AI Filing Summary
Provident Financial Holdings Inc. senior vice president Michael Scott Van Stockum reported a disposition of 272 shares of common stock on August 12, 2026, representing shares withheld by the company to satisfy tax withholding obligations on vesting restricted stock. After this, he holds 10,051 shares directly, including 8,250 shares of restricted stock scheduled to vest in tranches through 2030, and an additional 5,684 shares indirectly through an ESOP.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 272 shares
Net Sell
2 txns
Insider
Van Stockum Michael Scott
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, PAR value $0.01 F1, F2 | 272 | $18.02 | $5K |
| holding | Common Stock, PAR value $0.01 | -- | -- | -- |
Holdings After Transaction:
Common Stock, PAR value $0.01 — 10,051 shares (Direct);
Common Stock, PAR value $0.01 — 5,684 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 10,051 shares include 8,250 shares of restricted stock under the Provident 2022 Equity Incentive Plan, of which 2,250 shares vests on May 23, 2028, 3,000 shares vests on July 23, 2028, and 3,000 shares vests on July 23, 2030.
Key Figures
Shares withheld for taxes: 272 shares
Withholding price: $18.02 per share
Direct holdings after transaction: 10,051 shares
+5 more
8 metrics
Shares withheld for taxes
272 shares
Shares of common stock withheld on August 12, 2026 to satisfy tax withholding obligations
Withholding price
$18.02 per share
Price per share used for the 272-share tax withholding disposition
Direct holdings after transaction
10,051 shares
Direct common stock held by Michael Scott Van Stockum following the August 12, 2026 transaction
Restricted stock included
8,250 shares
Restricted shares under the Provident 2022 Equity Incentive Plan included in the 10,051 direct shares
Future vesting tranche 1
2,250 shares
Restricted shares scheduled to vest on May 23, 2028
Future vesting tranche 2
3,000 shares
Restricted shares scheduled to vest on July 23, 2028
Future vesting tranche 3
3,000 shares
Restricted shares scheduled to vest on July 23, 2030
Indirect ESOP holdings
5,684 shares
Common stock held indirectly by ESOP reported as indirect ownership
Key Terms
tax withholding obligations, restricted stock, Provident 2022 Equity Incentive Plan, ESOP
4 terms
tax withholding obligations financial
"shares withheld by the issuer to satisfy tax withholding obligations in connection"
restricted stock financial
"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
"restricted stock under the Provident 2022 Equity Incentive Plan, of which 2,250 shares"
ESOP financial
"total_shares_following_transaction 5684.0000, 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.
FAQ
What insider transaction did PROV senior vice president Michael Scott Van Stockum report?
Michael Scott Van Stockum reported 272 shares of Provident Financial Holdings common stock withheld on August 12, 2026 to satisfy tax withholding obligations related to vesting restricted stock, rather than an open-market sale or purchase.
What indirect Provident Financial (PROV) holdings does Michael Scott Van Stockum report?
In addition to direct holdings, Michael Scott Van Stockum reports 5,684 shares of Provident Financial common stock held indirectly through an ESOP, classified as indirect ownership on the Form 4 filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
