PROV SVP Michael Van Stockum Sells 272 Shares for Tax Withholding

What Happened
Michael S. Van Stockum, Senior Vice President of Provident Financial Holdings (PROV), had 272 shares withheld on 2026-08-12 to satisfy tax withholding obligations tied to the vesting of restricted stock. The shares were valued at $18.02 each, totaling approximately $4,901. This action is a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date and price: 2026-08-12, 272 shares at $18.02, total ≈ $4,901.
• Transaction type: F (shares withheld to satisfy tax withholding upon vesting).
• Shares owned after transaction: 10,051 total beneficially owned (per filing).
• Notable footnotes:
  • F1: Withheld shares satisfy tax withholding for vesting restricted stock.
  • F2: The 10,051 shares include 8,250 restricted shares under the 2022 Equity Incentive Plan; vesting schedule: 2,250 on 2028-05-23, 3,000 on 2028-07-23, and 3,000 on 2030-07-23.
• Filing timeliness: Report covers transaction on 2026-08-12 and was filed 2026-08-13 (appears timely).

Context
This was a routine, cashless tax-withholding action tied to restricted stock vesting, common when employees receive equity compensation. Such withholdings are administrative and do not necessarily indicate insider sentiment about the company’s stock.