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

Robert Benke, EVP/CCO of Riverview Bancorp Inc, recently purchased 5,000 shares of common stock at $3.83 per share.

Summary

• On May 1, 2024, Robert Benke, the EVP/CCO of Riverview Bancorp Inc, acquired 5,000 shares of common stock.
• The purchase price was $3.83 per share.
• Following the transaction, Benke directly owns 15,994 shares of common stock, which includes 8,994 shares owned in the Riverview 401(k) Plan.
• Benke also indirectly owns 3,882.7499 shares held by the ESOP.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. An insider purchase generally indicates confidence, but the size of the purchase is relatively small.

Positives

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

Industry Context

Insider transactions are routinely monitored as indicators of management's perspective on the company's valuation and future performance. Purchases can signal confidence, while sales may not necessarily indicate a lack of confidence, as they can be driven by personal financial planning needs.

Stakeholder Impact

• The purchase could have a slightly positive impact on shareholder sentiment.

Key Dates