Form 4: Riverview Bancorp Acting President/CEO and COO Daniel D. Cox Acquires Additional Shares
SEC Form 4 Filing
Daniel D. Cox, Acting President/CEO and COO of Riverview Bancorp Inc, reports the acquisition of 1,300 shares of common stock at $3.9 per share.
Summary
- On April 30, 2024, Daniel D. Cox, the Acting President/CEO and COO of Riverview Bancorp Inc, purchased 1,300 shares of common stock at a price of $3.9 per share.
- Following this transaction, Cox directly owns 56,195.383 shares of Riverview Bancorp Inc.
- Cox also indirectly owns 6,642.4775 shares held by the ESOP.
Sentiment
Score: 6
Explanation: Neutral sentiment. The document simply reports a transaction. The purchase itself could be seen as slightly positive, but the document is purely informational.
Positives
- The purchase of shares by the Acting President/CEO and COO could be interpreted positively by investors, signaling confidence in the company's future prospects.
Industry Context
Insider buying is often seen as a positive sign, suggesting that a company insider believes the company's stock is undervalued or that the company will perform well in the future. This is a routine disclosure related to insider trading activity.
Stakeholder Impact
- The purchase of shares by a key executive could positively influence shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 04/30/2024 | Date of transaction: Purchase of common stock. |
| 05/02/2024 | Date of signature of the Form 4 filing. |
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