Riverview Bancorp (RVSB) EVP/COO Daniel Cox adds 1,000 shares in open-market buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Riverview Bancorp EVP/COO Daniel D. Cox reported an open-market purchase of 1,000 shares of common stock at $5.22 per share. Following this transaction, he directly holds 70,008 common shares and also reports 7,960 shares held indirectly through the ESOP.
A footnote further notes ownership of 6,684 shares in the Riverview 401(k) Plan, adding to his overall economic exposure to RVSB stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,000 shares ($5,220)
Net Buy
2 txns
Insider
Cox Daniel D
Role
EVP/COO
Bought
1,000 shs ($5K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 1,000 | $5.22 | $5K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 70,008 shares (Direct, null);
Common Stock — 7,960 shares (Indirect, Shares held by the ESOP)
Footnotes (1)
- [object Object]
Key Figures
Shares purchased: 1,000 shares
Purchase price: $5.22 per share
Direct holdings after transaction: 70,008 shares
+2 more
5 metrics
Shares purchased
1,000 shares
Open-market purchase of common stock
Purchase price
$5.22 per share
Price paid for 1,000 common shares
Direct holdings after transaction
70,008 shares
Common stock directly owned after purchase
Indirect ESOP holdings
7,960 shares
Common stock held indirectly through ESOP
401(k) Plan shares
6,684 shares
Shares owned in the Riverview 401(k) Plan
Key Terms
open-market purchase, ESOP, Riverview 401(k) Plan
3 terms
open-market purchase financial
"Purchase in open market or private transaction"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
ESOP financial
"Shares held by the ESOP"
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
Riverview 401(k) Plan financial
"Includes 6,684 shares owned in the Riverview 401(k) Plan."
FAQ
What insider transaction did RVSB executive Daniel D. Cox report?
Daniel D. Cox reported buying 1,000 shares of Riverview Bancorp (RVSB) common stock in an open-market purchase. The transaction was executed at $5.22 per share and increased his directly held position in the company.
Does the RVSB Form 4 show any stock sales by Daniel D. Cox?
The filing shows an open-market purchase of 1,000 RVSB shares and no reported sales. Transaction summaries indicate net-buy activity, meaning his reported share count increased rather than decreased in this specific filing.