Kathleen Curran
About Kathleen Chase Curran
Independent director at Provident Bancorp, Inc. (BankProv). Age 49 (as of December 31, 2024), director since 2022, with 25 years in financial services including a decade-plus at Fidelity Investments; currently Chief Operating Officer at Coin Metrics, bringing technology, product, and strategic planning expertise to the board .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Fidelity Investments | Senior roles (various) | Over a decade (prior to joining Coin Metrics) | Advised on growth and enterprise strategies |
| BankProv/Provident Bancorp, Inc. | Director | 2022–present | Board oversight; technology and strategic planning expertise |
External Roles
| Organization | Role | Tenure | Focus/Impact |
|---|---|---|---|
| Coin Metrics | Chief Operating Officer | Current | Building market infrastructure for digital assets via transparent and accessible data/intelligence |
Board Governance
- Independence: The board determined all directors except the CEO (Reilly) were independent; Curran is independent .
- Committee memberships (2024–2025):
- Nominating and Corporate Governance Committee: Member (not Chair) .
- Audit Committee: Not a member .
- Compensation Committee: Not a member .
- Committee meeting cadence: 2024 meetings—Audit (6), Compensation (6), Nominating & Corporate Governance (2) .
- Attendance: No director attended fewer than 75% of board and committee meetings in 2024; all directors attended the 2024 annual meeting except DeLeo (Curran attended) .
- Board leadership: Independent Chair (Laurie H. Knapp); periodic independent director sessions; majority-independent board .
Fixed Compensation
| Metric | 2023 | 2024 |
|---|---|---|
| Fees Earned or Paid in Cash ($) | $51,500 | $34,000 |
| Stock Awards ($) | — (none disclosed) | — (none disclosed) |
| Option Awards ($) | — (none disclosed) | — (none disclosed) |
| Total ($) | $51,500 | $34,000 |
- Director fee framework (2024): Board retainer $15,000 for directors; $1,250 per board meeting; Committee chair retainers—Audit $7,000, Compensation $3,500, other committees $2,500; Committee meeting fees $750/member; Chair of Board retainer $50,000; BankProv Risk Committee Chair $2,500 and members $1,500 .
Performance Compensation
- Director equity awards to Curran: No grants in 2024; she holds outstanding equity from prior years (see Equity Ownership tables below). There are no performance (TSR/ROA/ESG) conditions tied to director compensation disclosed; director equity appears time-based, and no performance metrics are specified for directors .
- Company-level compensation governance features: formal clawback policy (Oct 2023), director/executive stock ownership guidelines (Mar 2024), anti-pledging and hedging restrictions; no option repricing without shareholder approval; no excise tax gross-ups .
Other Directorships & Interlocks
| Category | Details |
|---|---|
| Current public company boards | None disclosed beyond PVBC/BankProv |
| Private/non-profit boards | Not disclosed in proxy |
| Interlocks/potential conflicts | None disclosed; the board noted overdraft lines of credit to all directors and a commercial real estate line to an entity related to Arthur Sullivan (not Curran) |
Expertise & Qualifications
- Technology and strategic planning expertise; product/marketing/R&D breadth; digital asset market infrastructure exposure via Coin Metrics .
- 25 years of financial industry experience; prior decade+ at Fidelity Investments .
Equity Ownership
| Metric | 12/31/2023 | 12/31/2024 | 3/28/2025 |
|---|---|---|---|
| Beneficial Ownership (Total Shares) | 25,818 | — (not separately disclosed in this table) | 30,918 |
| Ownership as % of Outstanding | <1% | — | <1% |
| Unvested Restricted Stock (#) | 6,126 | 6,126 | 4,084 |
| Vested/Exercisable Options (#) | 10,200 (vested) | 10,200 (vested) | 15,300 (exercisable) |
| Unvested Options (#) | 15,300 | 15,300 | — (not disclosed) |
| Shares pledged as collateral | None indicated (company states none pledged unless otherwise noted) |
Director Stock Ownership Guidelines and Compliance
| Item | Guideline | Status |
|---|---|---|
| Director ownership guideline | 5x annual board retainer | As of 12/31/2024, all directors either met guidelines or were within the 5-year phase-in period (company-wide statement) |
Insider Trades and Section 16 Compliance
| Item | Detail |
|---|---|
| Late Form 4 (2024) | Curran filed a late Form 4 to report receipt of equity awards; other late filings by Cassarino, Pollack, and executives noted |
Governance Assessment
- Board effectiveness: Curran is an independent director focused on Nominating & Corporate Governance, supporting board effectiveness, independence, and refresh processes; 2024 committee cadence suggests active oversight .
- Engagement and attendance: Board met 8 times in 2024 plus 8 independent sessions; no director below 75% participation; Curran attended the 2024 annual meeting (all directors except DeLeo attended)—positive engagement signal .
- Ownership alignment: Curran holds meaningful equity (30,918 shares, plus options) with stock ownership guidelines in place and anti-pledging/hedging; none of her shares indicated as pledged—alignment positive .
- Compensation structure: Director cash fees modest; Curran’s cash fees fell from $51.5k (2023) to $34k (2024); no director equity grants to Curran in 2024, though she holds prior RS/option awards—no apparent pay anomalies .
- Governance improvements: Board declassification proposed (requires 80% vote), majority voting policy adopted, strong say-on-pay recovery (92% in 2024 vs 63% in 2023)—signals responsiveness to investors .
- Conflicts/related party: No related-party transactions disclosed for Curran; general director overdraft lines noted; Audit Committee oversight of related persons transactions in place .
- RED FLAGS: Minor compliance lapse—late Form 4 filing by Curran for equity award receipt (administrative); presence of activist agreement with Stilwell Group is a governance context factor, not a Curran-specific conflict .