Provident Financial Holdings: board authorizes repurchase of 5% of common stock

What happened The filing says Provident Financial Holdings Inc announced that its board authorized the repurchase of up to 5% of the company's common stock, approximately 305,477 shares. The stock repurchase plan will commence after the Jan 2026 stock repurchase plan has been fulfilled and/or expires; about 21,674 shares remain to be purchased under the Jan 2026 plan. The filing says the company will purchase the shares from time to time in the open market or through privately negotiated transactions over a one-year period, depending on market conditions, the capital requirements of the company, and available cash.

Key details

• Authorized repurchase amount: up to 5% of common stock, approximately 305,477 shares.
• Timing: plan will begin after the Jan 2026 repurchase plan is fulfilled or expires; ~21,674 shares remain under the Jan 2026 plan.
• Purchase mechanics: open market or privately negotiated transactions over a one-year period.
• Purchases subject to market conditions, capital requirements, and available cash.

Why it may matter This 8-K reports Item 8.01 (other events), which covers the board's authorization of the stock repurchase plan and describes its terms. A filing does not show why the insider traded or why the company acted.