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Riverview Bancorp (RVSB) grants EVP restricted and performance stock awards

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Riverview Bancorp EVP/CCO Robert Benke reported receiving new equity awards in the company’s common stock. On 09/19/2025, he acquired 4,800 shares of restricted stock under the 2017 Equity Incentive Plan at a price of $0 per share, scheduled to vest in three equal installments on August 1, 2026, 2027, and 2028.

He was also granted a performance-based restricted stock award with a target of 7,200 shares. Half of this award is scheduled to vest on August 1, 2027 and half on August 1, 2028, subject to continued service and performance conditions tied to the company’s total earnings per share from April 1, 2025 through March 31, 2026. After these grants, he directly owned 51,204 shares and indirectly held 4,291 shares through the ESOP.

Positive

  • None.

Negative

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Insider Benke Robert
Role EVP/CCO
Type Security Shares Price Value
Grant/Award Common Stock 4,800 $0.00 --
Grant/Award Common Stock 7,200 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 44,004 shares (Direct); Common Stock — 4,291 shares (Indirect, Shares held by the ESOP)
Footnotes (1)
  1. Reflects restricted stock awarded to the Reporting Person pursuant to the 2017 Equity Incentive Plan which vest in three equal installments on August 1, 2026, August 1, 2027, August 1, 2028. Includes 8,760 shares owned in the Riverview 401(k) Plan. Reporting Person was granted an award of performance based restricted stock covering a target of 7,200 shares (the "Target Restricted Stock Number"). Pursuant to time-based vesting requirements, 50% of this award is scheduled to vest on August 1, 2027, and 50% on August 1, 2028, 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, 2025, through March 31, 2026. Includes 8,760 shares owned in the Riverview 401(k) Plan.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Benke Robert
(Last) (First) (Middle)
900 WASHINGTON ST, SUITE 900
(Street)
VANCOUVER WA 98660
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
RIVERVIEW BANCORP INC [ RVSB ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP/CCO
3. Date of Earliest Transaction (Month/Day/Year)
09/19/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/19/2025 A 4,800(1) A $0 44,004(2) D
Common Stock 09/19/2025 A 7,200(3) A $0 51,204(4) D
Common Stock 4,291 I Shares held by the ESOP
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Reflects restricted stock awarded to the Reporting Person pursuant to the 2017 Equity Incentive Plan which vest in three equal installments on August 1, 2026, August 1, 2027, August 1, 2028.
2. Includes 8,760 shares owned in the Riverview 401(k) Plan.
3. Reporting Person was granted an award of performance based restricted stock covering a target of 7,200 shares (the "Target Restricted Stock Number"). Pursuant to time-based vesting requirements, 50% of this award is scheduled to vest on August 1, 2027, and 50% on August 1, 2028, 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, 2025, through March 31, 2026.
4. Includes 8,760 shares owned in the Riverview 401(k) Plan.
/s/ Robert Benke 12/08/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider stock awards did Riverview Bancorp (RVSB) report for its EVP/CCO?

The filing shows EVP/CCO Robert Benke acquired 4,800 shares of restricted common stock and received a performance-based restricted stock award covering a target of 7,200 shares, all at a stated price of $0 per share.

When do the 4,800 restricted RVSB shares awarded to the EVP/CCO vest?

The 4,800 restricted shares awarded under the 2017 Equity Incentive Plan vest in three equal installments on August 1, 2026, August 1, 2027, and August 1, 2028.

How is the 7,200-share performance-based restricted stock award at Riverview Bancorp (RVSB) structured?

The EVP/CCO received a performance-based restricted stock award with a target of 7,200 shares. 50% is scheduled to vest on August 1, 2027 and 50% on August 1, 2028, subject to continued service and performance conditions based on total earnings per share for the period from April 1, 2025 through March 31, 2026.

Can the performance-based RVSB restricted stock award be reduced from the 7,200 target shares?

Yes. The filing states that the number of shares subject to the performance-based restricted stock may be decreased down to 0% of the 7,200-share target, based on attainment of specified levels of the company’s total earnings per share over the period from April 1, 2025 through March 31, 2026.

How many Riverview Bancorp (RVSB) shares does the reporting person beneficially own after these transactions?

Following the reported transactions, the EVP/CCO beneficially owned 51,204 shares of common stock directly, which includes 8,760 shares in the Riverview 401(k) Plan, and an additional 4,291 shares indirectly through shares held by the ESOP.

What is the role of the reporting person at Riverview Bancorp (RVSB)?

The reporting person is an Officer of Riverview Bancorp, serving as EVP/CCO (Executive Vice President/Chief Credit Officer), as indicated in the relationship section of the filing.

How is ownership of RVSB shares categorized for the EVP/CCO in this report?

The filing shows direct ownership of 51,204 shares of common stock and indirect ownership of 4,291 shares held through the ESOP. Certain directly owned amounts include 8,760 shares held in the Riverview 401(k) Plan.