Form 4: Riverview Bancorp EVP/CCO Robert Benke Acquires 5,000 Shares

Robert Benke, EVP/CCO of Riverview Bancorp, recently purchased 5,000 shares of common stock at $4.62 per share.

Summary

• On August 1, 2024, Robert Benke, the EVP/CCO of Riverview Bancorp Inc., acquired 5,000 shares of the company's common stock.
• The purchase price was $4.62 per share.
• Following the transaction, Benke directly owns 25,590.326 shares and indirectly owns 4,287 shares through the ESOP.
• The direct holdings include 27.326 shares acquired under a dividend reinvestment plan and 13,563 shares owned in the Riverview 401(k) Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. An insider purchase is generally viewed favorably, but the size of the purchase is not significant enough to drastically alter sentiment.

Positives

• An executive's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Insider trading activity is closely monitored by investors as it can provide insights into a company's performance and future prospects. Purchases by executives are often seen as a positive sign.

Stakeholder Impact

• The purchase could have a slightly positive impact on shareholders, as it signals confidence from a company executive.
• The purchase has minimal impact on employees, customers, suppliers and creditors.

Key Dates