Nicole Sherman - 30 Dec 2024 Form 4 Insider Report for RIVERVIEW BANCORP INC (RVSB)

Signature
/s/ Nicole Sherman
Issuer symbol
RVSB
Transactions as of
30 Dec 2024
Net transactions value
$0
Form type
4
Filing time
02 Jan 2025, 18:25:04 UTC
Previous filing
18 Sep 2024
Next filing
22 May 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RVSB Common Stock Award $0 +5,534 +221% $0.000000 8,034 30 Dec 2024 Direct F1
transaction RVSB Common Stock Award $0 +24,902 +310% $0.000000 32,936 30 Dec 2024 Direct F2
transaction RVSB Common Stock Award $0 +125,130 +380% $0.000000 158,066 30 Dec 2024 Direct 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 10, 2025, July 10, 2026, and July 10, 2027.
F2 Reporting Person was granted an award of performance based restricted stock covering a target of 24,902 shares (the "Target Restricted Stock Number"). Pursuant to time-based vesting requirements, 50% of this award is scheduled to vest on July 10, 2026 and 50% on July 10, 2027, 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, 2024 through March 31, 2025.
F3 Restricted stock granted pursuant to long-term incentive award under the 2017 Equity Incentive Plan. The restricted stock will cliff vest on July 10, 2029.