Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-09-02

Provident Financial Holdings (PROV)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$732,537
Donavon Ternes total, FY2025
CEO pay percentile vs peers
CEO-to-median pay ratio
57.64%
Say-on-pay support, latest vote
Companies that benchmark against PROV
2 companies name PROV as a compensation peer

Each company listed discloses PROV in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named PROV in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Donavon Ternes$511,458$0$0$0$0$178,424$42,655$732,537
President and Chief Executive Officer
David Weiant297,2000000035,018332,218
Senior Vice President – Chief Lending Officer
Gwendolyn Wertz251,6500000031,023282,673
Senior Vice President – Retail Banking

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Donavon Ternes$732,537
David Weiant332,218
Gwendolyn Wertz282,673

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Gwendolyn WertzSenior Vice President2025-11-12D4,800$16$75,072CommonForm 4 ↗
David WeiantSenior Vice President2026-06-01D3,0001750,760CommonForm 4 ↗
David WeiantSenior Vice President2026-06-04D1,0001717,100CommonForm 4 ↗
David WeiantSenior Vice President2026-06-08D1,0121717,204CommonForm 4 ↗
David WeiantSenior Vice President2026-06-10D2,7321746,772CommonForm 4 ↗
Van Stockum Michael ScottSenior Vice President2026-07-23A6,00000CommonForm 4 ↗
Matthew E. WebbDirector2026-07-30D7,00000Derivative, Class A CommonForm 4 ↗
Matthew E. WebbDirector2026-07-30A7,0001284,630CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Gwendolyn WertzRSU10,675$165,463
Donavon TernesRSU21,750337,125
David WeiantRSU10,675165,463
05

Incentive-plan design — the Compensation Discussion & Analysis

The Personnel/Compensation Committee strives to develop compensation policies and practices that discourage excessive risk-taking, that focus our executives and employees on creating long-term sustainable value for our shareholders, and that provide appropriate levels of realized compensation over time. The Personnel/Compensation Committee believes that our compensation policies and practices should provide a blend of cash and equity, and short-term and longer-term incentives.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultant
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-11-202,796,0982,055,034448,63257.64%Passed
20242024-11-212,497,5722,542,78613,37949.55%Failed
20232023-11-282,601,9242,517,310253,87650.83%Passed
20222022-11-292,979,8552,638,83110,07053.03%Passed
20212021-11-303,300,6682,149,3988,98360.56%Passed
20202020-11-243,413,9292,586,01273,65056.9%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20252025-11-2057.64%a
20242024-11-2149.55%b
20232023-11-2850.83%c

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes do not constitute votes cast and therefore will have no effect on the approval of the proposal.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes do not constitute votes cast and therefore will have no effect on the approval of the proposal.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes do not constitute votes cast and therefore will have no effect on the approval of the proposal.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)
CEO total compensation
Median employee compensation
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Craig G. BlundenNot independent · Board Chair · Long Range Planning (Chair)$46,866$0$0$0$2,542,732$2,589,598
Judy A. CarpenterIndependent · Audit · Long Range Planning (Chair) · Nominating and Corporate Governance40,00000040,000
William E. ThomasIndependent · Audit · Nominating and Corporate Governance (Chair) · Personnel/Compensation (Chair)39,90000039,900
Debbi H. GuthrieIndependent · Nominating and Corporate Governance · Personnel/Compensation39,70000039,700
Kathy M. MichalakIndependent · Audit · Nominating and Corporate Governance39,60000039,600
Brian N. HawleyIndependent · Nominating and Corporate Governance · Personnel/Compensation39,60000039,600
Matthew E. WebbIndependent · Audit · Nominating and Corporate Governance39,60000039,600
09

Board fee structure and ownership guideline

Annual cash retainer
Annual equity retainer
Per board meeting fee$1,000
Committee chair fees (audit / comp / nom-gov)4,111
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$285,266
Equity awards (grant-date value)$0
All other compensation$2,542,732
Total cost of the board$2,827,998

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Provident Financial Holdings2025Donavon Ternes$511,458$0$0$0$732,537

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Donavon TernesDEF 14A2025-10-200001104659-25-100689Section “Summary Compensation Table”. As printed: 732,537. Filing ↗machine: r1 · c30 · span 239926–239933
2Section 01, David WeiantDEF 14A2025-10-200001104659-25-100689Section “Summary Compensation Table”. As printed: 332,218. Filing ↗machine: r4 · c30 · span 247033–247040
3Section 01, Gwendolyn WertzDEF 14A2025-10-200001104659-25-100689Section “Summary Compensation Table”. As printed: 282,673. Filing ↗machine: r7 · c30 · span 254133–254140
4Section 07, pay ratio10-K2026-09-020001010470-26-000010Section “CEO Pay Ratio”. As printed: —. Filing ↗
5Section 08, Craig G. BlundenDEF 14A2025-10-200001104659-25-100689Section “Director Compensation”. As printed: 2,589,598. Filing ↗machine: t49 · r1 · c19 · span 174754–174763
6Section 08, Judy A. CarpenterDEF 14A2025-10-200001104659-25-100689Section “Director Compensation”. As printed: 40,000. Filing ↗machine: t49 · r2 · c3 · span 175250–175256
7Section 08, William E. ThomasDEF 14A2025-10-200001104659-25-100689Section “Director Compensation”. As printed: 39,900. Filing ↗machine: t49 · r6 · c3 · span 182205–182211
8Section 08, Debbi H. GuthrieDEF 14A2025-10-200001104659-25-100689Section “Director Compensation”. As printed: 39,700. Filing ↗machine: t49 · r3 · c3 · span 176994–177000
9Section 08, Kathy M. MichalakDEF 14A2025-10-200001104659-25-100689Section “Director Compensation”. As printed: 39,600. Filing ↗
10Section 08, Brian N. HawleyDEF 14A2025-10-200001104659-25-100689Section “Director Compensation”. As printed: 39,600. Filing ↗machine: t49 · r4 · c3 · span 178726–178732
11Section 08, Matthew E. WebbDEF 14A2025-10-200001104659-25-100689Section “Director Compensation”. As printed: 39,600. Filing ↗
12Section 02, Gwendolyn Wertz 2025-11-12Form 42025-11-130000939057-25-000302Insider equity transaction reported since the proxy statement. Filing ↗
13Section 02, David Weiant 2026-06-01Form 42026-06-020000939057-26-000124Insider equity transaction reported since the proxy statement. Filing ↗
14Section 02, David Weiant 2026-06-04Form 42026-06-050000939057-26-000125Insider equity transaction reported since the proxy statement. Filing ↗
15Section 02, David Weiant 2026-06-08Form 42026-06-090000939057-26-000126Insider equity transaction reported since the proxy statement. Filing ↗
16Section 02, David Weiant 2026-06-10Form 42026-06-100000939057-26-000127Insider equity transaction reported since the proxy statement. Filing ↗
17Section 02, Van Stockum Michael Scott 2026-07-23Form 42026-07-270000939057-26-000141Insider equity transaction reported since the proxy statement. Filing ↗
18Section 02, Matthew E. Webb 2026-07-30Form 42026-07-310000939057-26-000148Insider equity transaction reported since the proxy statement. Filing ↗
19Section 02, Matthew E. Webb 2026-07-30Form 42026-07-310000939057-26-000148Insider equity transaction reported since the proxy statement. Filing ↗
20Section 06, 2025 voteForm 8-K2025-11-210000939057-25-000310Item 5.07 · say-on-pay result. As reported: 57.64% (votes for as printed: 2,796,098). Filing ↗
21Section 06, 2024 voteForm 8-K2024-11-220000939057-24-000327Item 5.07 · say-on-pay result. As reported: 49.55% (votes for as printed: 2,497,572). Filing ↗
22Section 06, 2023 voteForm 8-K2023-11-290000939057-23-000348Item 5.07 · say-on-pay result. As reported: 50.83% (votes for as printed: 2,601,924). Filing ↗
23Section 09b board cost (computed)ComputedcomputedCash 285,266 + equity 0 + all other 2,542,732 = 2,827,998, summed across the director compensation table rows.machine: formula: Σ = 2,827,998
24Provident Financial Holdings (subject), Section 10b CEO totalDEF 14A2025-10-200001104659-25-100689CEO total compensation as printed in Provident Financial Holdings's own proxy. As printed: 732,537. Filing ↗machine: r1 · c30 · span 239926–239933