RIVERVIEW BANCORP INC — Director's Dealing 2022

Jul 12, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RIVERVIEW BANCORP INC (RVSB)
CIK: 0001041368
Period of Report: 2022-07-08

Reporting Person: Lam David (EVP/CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-07-08	Common Stock	A	1931	—	Acquired	47150	Direct
2022-07-08	Common Stock	A	5793	—	Acquired	52943	Direct

Footnotes

F1: Reflects restricted stock awarded to the Reporting Person pursuant to the 2017 Equity Incentive Plan which vest in three equal installments on July 8, 2023, July 8, 2024 and July 8, 2025.

F2: Reporting Person was granted an award of performance based restricted stock covering a target of 5,042 shares (the "Target Restricted Stock Number"). Pursuant to time-based vesting requirements, 50% of this award is scheduled to vest on July 8, 2024 and 50% on July 8, 2025, subject to continued service requirements through such date. In addition, the number of shares subject to the restricted stock may be decreased down to 0% of the Target Restricted Stock Number, based on attainment of specified levels of the Company's total Earnings Per Share over the period of April 1, 2022 through March 31, 2023.

F3: Reflects 8,565 shares owned indirectly in the Riverview 401(k) Plan and 4,361 shares owned indirectly in Riverview's Employee Stock Ownership Plan.