Joseph Mancini - 02 Feb 2023 Form 4 Insider Report for Provident Bancorp, Inc. /MD/ (PVBC)

Role
Chief Operating Officer
Signature
/s/ Carol Houle, pursuant to power of attorney
Issuer symbol
PVBC
Transactions as of
02 Feb 2023
Net transactions value
$0
Form type
4
Filing time
07 Feb 2023, 12:06:49 UTC
Previous filing
06 Feb 2023
Next filing
24 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PVBC Common Stock Award $0 +5,210 +46% $0.000000 16,497 02 Feb 2023 Direct F1, F2
holding PVBC Common Stock 2,019 02 Feb 2023 By ESOP
holding PVBC Common Stock 1,915 02 Feb 2023 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
transaction PVBC Stock Options Award $0 +28,000 $0.000000 28,000 02 Feb 2023 Common Stock 28,000 $9.55 Direct F4
holding PVBC Stock Options 30,000 02 Feb 2023 Common Stock 30,000 $15.00 Direct F3
* 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 April 22, 2022.
F2 Shares of restricted stock which vest at a rate of 20% per year commencing on February 2, 2024.
F3 Stock option vest at a rate of 20% per year commencing on April 22, 2022.
F4 Stock option vest at a rate of 20% per year commencing on February 2, 2024.