Provident Financial (PROV) CEO Donavon Ternes Sells 1,346 Shares

What Happened

• Donavon P. Ternes, President & CEO of Provident Financial Holdings Inc. (PROV), had 1,346 shares disposed (withheld) to satisfy tax withholding obligations tied to the vesting of restricted stock. The shares were valued at $18.02 each for a total of about $24,255.

Key Details

• Transaction date: 2026-08-12; filing date: 2026-08-13 (timely filing).
• Price per share: $18.02; shares withheld/disposed: 1,346; total value ≈ $24,255.
• Shares owned after the transaction: 219,909 shares (per filing).
• Footnotes: F1 = shares were withheld by the issuer to satisfy tax withholding on RSU vesting; F2 = the 219,909 total includes 9,000 restricted shares (vest May 23, 2028) and 47,500 shares owned by the reporting person's spouse.

Context

• This was a tax-withholding disposition (transaction code F), a routine corporate action that differs from an open-market sale and does not necessarily signal the insider’s view of the stock. It reflects taxes paid when restricted stock vested rather than a discretionary cash sale.