David P. Mansfield - Dec 27, 2021 Form 4 Insider Report for Provident Bancorp, Inc. /MD/ (PVBC)

Role
President and CEO, Director
Signature
/s/ Ned A. Quint, pursuant to power of attorney
Stock symbol
PVBC
Transactions as of
Dec 27, 2021
Transactions value $
$0
Form type
4
Date filed
2/3/2022, 01:50 PM
Previous filing
Dec 20, 2021
Next filing
Dec 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PVBC Common Stock Gift $0 -1.54K -1.06% $0.00 144K Dec 27, 2021 Direct F1, F2
holding PVBC Common Stock 8.6K Dec 27, 2021 By IRA
holding PVBC Common Stock 9.54K Dec 27, 2021 By ESOP F5
holding PVBC Common Stock 16.6K Dec 27, 2021 By Spouse
holding PVBC Common Stock 93.5K Dec 27, 2021 By 401(k)

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 204K Dec 27, 2021 Common Stock 204K $11.93 Direct F3
holding PVBC Stock Options 51.1K Dec 27, 2021 Common Stock 51.1K $11.93 Direct F4
holding PVBC Stock Options 226K Dec 27, 2021 Common Stock 226K $8.61 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 Includes shares of restricted stock which vest at a rate of 33% per year commencing on December 17, 2021.
F3 Stock option vest at a rate of 20% per year commencing on December 17, 2021.
F4 Stock option vest at a rate of 33% per year commencing on December 17, 2021.
F5 Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.