David P. Mansfield - Dec 17, 2022 Form 4 Insider Report for Provident Bancorp, Inc. /MD/ (PVBC)

Role
President and CEO, Director
Signature
/s/ Carol Houle, pursuant to power of attorney
Stock symbol
PVBC
Transactions as of
Dec 17, 2022
Transactions value $
-$41,956
Form type
4
Date filed
12/20/2022, 12:51 PM
Previous filing
Feb 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PVBC Common Stock Tax liability -$42K -5.79K -7.25% $7.25 74K Dec 17, 2022 Direct F1, F2
holding PVBC Common Stock 13K Dec 17, 2022 By Spouse
holding PVBC Common Stock 10.3K Dec 17, 2022 By Trust
holding PVBC Common Stock 51.5K Dec 17, 2022 By Spouse's Trust
holding PVBC Common Stock 8.6K Dec 17, 2022 By IRA
holding PVBC Common Stock 9.54K Dec 17, 2022 By ESOP F5
holding PVBC Common Stock 93.5K Dec 17, 2022 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 17, 2022 Common Stock 204K $11.93 Direct F3
holding PVBC Stock Options 51.1K Dec 17, 2022 Common Stock 51.1K $11.93 Direct F4
holding PVBC Stock Options 226K Dec 17, 2022 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.