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

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
20 Dec 2021, 14:13:31 UTC
Prior SEC filing
18 Nov 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Carol Houle, pursuant to power of attorney

Key filing fact

Charles F. Withee filed Form 4 for Provident Bancorp, Inc. /MD/ (PVBC) on 20 Dec 2021.

Key facts

  • This page summarizes Charles F. Withee's Form 4 filing for Provident Bancorp, Inc. /MD/ (PVBC).
  • 2 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 20 Dec 2021, 14:13.

Change

  • Previous filing in this sequence was filed on 18 Nov 2021.
  • Current net transaction value: -$55,321.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PVBC transaction

Common Stock

Tax liability

Transaction value
$55,321
Shares
-3,023
Change %
-3.2%
Price
$18.30
Shares after
91,298
Date
17 Dec 2021
Ownership
Direct
Footnotes
F1
PVBC transaction

Common Stock

Disposed to Issuer

Transaction value
$0
Shares
-32,680
Change %
-36%
Price
$0.000000
Shares after
58,618
Date
20 Dec 2021
Ownership
Direct
Footnotes
F1, F4
PVBC holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
40,159
Date
17 Dec 2021
Ownership
By 401(k)
Footnotes
F3
PVBC holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
11,468
Date
17 Dec 2021
Ownership
By ESOP
Footnotes
F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PVBC holding Derivative

Stock Options

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
15,226
Date
17 Dec 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
15,226
Exercise price
$8.61
PVBC holding Derivative

Stock Options

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
102,125
Date
17 Dec 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
102,125
Exercise price
$11.93
Footnotes
F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Charles F. Withee is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 4 footnotes

Footnote F1

Includes shares of restricted stock which vest at a rate of 20% per year commencing on December 17, 2021.

Footnote F2

Stock option vest at a rate of 20% per year commencing on December 17, 2021.

Footnote F3

Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.

Footnote F4

Reflects forfeiture of unvested shares of restricted stock upon the reporting person's retirement.

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