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

Role
EVP/CBO
Signature
/s/Kim J. Capeloto
Stock symbol
RVSB
Transactions as of
Jul 9, 2021
Transactions value $
$0
Form type
4
Date filed
7/13/2021, 06:00 PM
Next filing
Jul 26, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RVSB Common Stock Award $0 +1.85K +1.05% $0.00 177K Jul 9, 2021 Direct F1, F2, F3
transaction RVSB Common Stock Award $0 +5.54K +3.13% $0.00 183K Jul 9, 2021 Direct F3, F4, F5
* 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 Includes 109,726 shares owned solely, 14,519 shares owned solely by spouse; and 1,096 shares owned jointly with spouse.
F3 Reflects 47,551 shares owned indirectly in the Riverview 401(k) Plan and 4,213 shares owned indirectly in Riverview's Employee Stock Ownership Plan.
F4 Reporting Person was granted an award of performance based restricted stock covering a target of 5,544 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 I, 2021 through March 31, 2022.
F5 Includes 115,270 shares owned solely, 14,138 shares owned solely by spouse; and 1,067 shares owned jointly with spouse.