Form 4: Riverview Bancorp Director Patricia Eby Increases Stake in Company
SEC Form 4 Filing
Patricia Eby, a director at Riverview Bancorp, recently purchased shares of the company's common stock, increasing her direct and indirect holdings.
Summary
- On April 30, 2024, Patricia Eby, a director of Riverview Bancorp Inc. (RVSB), acquired 5,000 shares of common stock at a price of $3.75 per share.
- Following this transaction, Eby directly owns 22,000 shares.
- Eby also indirectly owns 4,400 shares through a family member.
- The filing indicates that the transaction was a purchase made on the open market.
Sentiment
Score: 7
Explanation: The sentiment is moderately positive as a director is increasing their stake in the company, which is generally viewed favorably by investors.
Positives
- A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Directors purchasing shares in their own companies is a common occurrence and is usually seen as a positive sign.
Stakeholder Impact
- The stock purchase could positively influence shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 04/30/2024 | Date of the stock purchase transaction. |
| 05/01/2024 | Date of signature on the Form 4 filing. |
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