Kevin J. Lycklama - Jul 9, 2021 Form 4 Insider Report for RIVERVIEW BANCORP INC (RVSB)

Signature
/s/ Kevin J. Lycklama
Stock symbol
RVSB
Transactions as of
Jul 9, 2021
Transactions value $
$0
Form type
4
Date filed
7/13/2021, 05:58 PM
Next filing
Jul 12, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RVSB Common Stock Award $0 +5.46K +2.32% $0.00 241K Jul 9, 2021 Direct F1, F3
transaction RVSB Common Stock Award $0 +24.6K +10.19% $0.00 266K Jul 9, 2021 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects restricted stock awarded to the Reporting Person pursuant to the 2017 Equity Incentive Plan which vest in three equal installments on July 9, 2022, July 9, 2023 and July 9, 2024.
F2 Reporting Person was granted an award of performance based restricted stock covering a target of 24,569 shares (the "Target Restricted Stock Number"). Pursuant to time-based vesting requirements 50% of this award is scheduled to vest on July 9, 2023 and 50% on July 9, 2024, subject to continued service requirements through such date. In addition, the number of shares subject to the restricted stock may be decreased down to 0% of the Target Restricted Stock Number, based on attainment of specified levels of the Company's total Earnings Per Share over the period of April 1, 2021 through March 31, 2022.
F3 Reflects 58,584 shares owned indirectly in the Riverview 401(k) Plan and 5,674 shares owned indirectly in Riverview's Employee Stock Ownership Plan.