Michael Sventek - Dec 30, 2024 Form 4 Insider Report for RIVERVIEW BANCORP INC (RVSB)

Role
EVP/CLO
Signature
/s/ Michael Sventek
Stock symbol
RVSB
Transactions as of
Dec 30, 2024
Transactions value $
$0
Form type
4
Date filed
1/2/2025, 06:35 PM
Previous filing
Aug 30, 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RVSB Common Stock Award $0 +1.39K $0.00 1.39K Dec 30, 2024 Direct F1
transaction RVSB Common Stock Award $0 +2.78K +200% $0.00 4.17K Dec 30, 2024 Direct F2
transaction RVSB Common Stock Award $0 +2.08K +49.99% $0.00 6.25K Dec 30, 2024 Direct F3
transaction RVSB Common Stock Award $0 +6.25K +100% $0.00 12.5K Dec 30, 2024 Direct F4
* 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 January 3, 2025, August 21, 2025, and August 21, 2026
F2 Reporting Person was granted an award of performance based restricted stock covering a target of 2,778 shares (the "Target Restricted Stock Number"). Pursuant to time-based vesting requirements, 50% of this award is scheduled to vest on August 21, 2025 and 50% on August 21, 2026, 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, 2023 through March 31, 2024.
F3 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.
F4 Reporting Person was granted an award of performance based restricted stock covering a target of 6,250 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.