How Ternes was paid
$732,537 in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Pension | Other | Total |
|---|---|---|---|---|
| Donavon P. TernesPresident and Chief Executive Officer | $511,458 | $178,424 | $42,655 | $732,537 |
| David S. WeiantSenior Vice President – Chief Lending Officer | $297,200 | — | $35,018 | $332,218 |
| Gwendolyn L. WertzSenior Vice President-Retail Banking | $251,650 | — | $31,023 | $282,673 |
What changed and why
- $733K2025 CEO total compensation was $732,537, down from $804,353 in 2024.
- $6.3M$6,255,000 actual net income fell below the $8,316,000 threshold required to trigger annual incentive awards.
- 2025 named executive officers received no stock or option awards.
- 50%50% of salary was the CEO’s annual incentive target, with a maximum of 93.8%.
- $178K$178,424 represented the CEO’s change in pension value and deferred compensation earnings.
- Performance goals included net income, return on assets, return on equity, efficiency ratio and diluted earnings per share.
Other Provident Financial Holdings proxy statements
- 2026 proxy statement
Donavon P. Ternes paid $854,551 (+17% on the year).
Filed Oct 09, 2026
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.