Charles F. Withee - 17 Dec 2021 Form 4 Insider Report for Provident Bancorp, Inc. /MD/ (PVBC)

Role
Pres. & CLO of Subsidiary Bank
Signature
/s/ Carol Houle, pursuant to power of attorney
Issuer symbol
PVBC
Transactions as of
17 Dec 2021
Net transactions value
-$55,321
Form type
4
Filing time
20 Dec 2021, 14:13:31 UTC
Previous filing
18 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PVBC Common Stock Tax liability $55,321 -3,023 -3.2% $18.30 91,298 17 Dec 2021 Direct F1
transaction PVBC Common Stock Disposed to Issuer $0 -32,680 -36% $0.000000 58,618 20 Dec 2021 Direct F1, F4
holding PVBC Common Stock 40,159 17 Dec 2021 By 401(k) F3
holding PVBC Common Stock 11,468 17 Dec 2021 By ESOP F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding PVBC Stock Options 15,226 17 Dec 2021 Common Stock 15,226 $8.61 Direct
holding PVBC Stock Options 102,125 17 Dec 2021 Common Stock 102,125 $11.93 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Charles F. Withee is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Includes shares of restricted stock which vest at a rate of 20% per year commencing on December 17, 2021.
F2 Stock option vest at a rate of 20% per year commencing on December 17, 2021.
F3 Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
F4 Reflects forfeiture of unvested shares of restricted stock upon the reporting person's retirement.