Provident Financial Holdings: President & CEO Donavon P Ternes sold 1,338 shares

What happened Donavon P Ternes, President & CEO, had 1,338 shares withheld by the issuer to satisfy tax withholding in connection with the vesting of restricted stock. The filing shows the shares were withheld at $13.24 per share for a total value of $17,715 on Aug 12, 2024.

Key details

• Transaction date and price: Aug 12, 2024 — 1,338 shares withheld at $13.24 per share, total $17,715.
• Transaction code: F (payment of exercise price or tax liability; shares withheld to satisfy tax withholding).
• Shares owned after the transaction: 224,484 shares. Footnote says those 224,484 shares include 3,750 shares of restricted stock vesting on Aug 12, 2026; 18,000 shares of restricted stock with 50% vesting on May 23, 2026 and 50% on May 23, 2028; and 47,500 shares owned by the reporting person's spouse.
• Form filed Oct 07, 2026 for a reportable event on Aug 12, 2024 (period of report: Aug 12, 2024).

Why it may matter The filing shows shares were withheld to satisfy tax obligations tied to restricted stock vesting, which is not an open-market sale. A filing does not show why the insider traded or why the company acted.