Companies Riverview Bancorp Inc
Riverview Bancorp (RVSB): executive pay, fiscal 2026
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CEO pay, last three years
- $1,481,716FY2025
- $527,653FY2026
CEO total pay was $527,653 in fiscal 2026, down from $1,481,716 in fiscal 2025.
FY2026: salary $430,461 · bonus $0 · stock awards $42,498 · option awards $0
Executives and directors
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| B. Nicole Sherman | $430,461 | $0 | $42,498 | $0 | $0 | $0 | $54,694 | $527,653 |
| President and Chief Executive Officer | ||||||||
| C. Evan Sowers | 354,497 | 0 | 34,999 | 0 | 44,864 | 0 | 22,735 | 457,095 |
| President and Chief Executive Officer of Riverview Trust Company | ||||||||
| Daniel Cox | 339,304 | 0 | 33,501 | 0 | 0 | 0 | 22,403 | 395,208 |
| Executive Vice President and Chief Operating Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2026 total | FY2025 total | FY2024 total | Δ FY2025→2026 |
|---|---|---|---|---|
| B. Nicole Sherman | $527,653 | $1,481,716 | — | ↓ −954,063 |
| C. Evan Sowers | 457,095 | 540,651 | 419,590 | ↓ −83,556 |
| Daniel Cox | 395,208 | 458,684 | 403,949 | ↓ −63,476 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
The purpose of our compensation policies and procedures is to attract, retain and motivate key executives of proven ability who are critical to our future success. Our compensation program is guided by the philosophy that total executive compensation should vary based on achievement of corporate goals and objectives, and should closely align with Riverview’s financial performance.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Aon McLagan |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | false |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2026
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| B. Nicole Sherman | PRSU | — | — | — | — | — | $42,498 |
| Daniel Cox | PRSU | — | — | — | — | — | 33,501 |
| C. Evan Sowers | PRSU | — | — | — | — | — | 34,999 |
Vehicle mix — grant-date fair value by award type
Grant-level vehicle detail not disclosed.
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2026
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Daniel Cox | PSU | 17,059 | — | $93,825 |
| C. Evan Sowers | PSU | 17,858 | — | 98,219 |
| B. Nicole Sherman | PSU | 153,673 | — | 845,202 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Gerald L. NiesIndependent · Board Chair · Executive (Chair) · Senior Loan (Chair) · Technology | $68,700 | — | — | — | $0 | $68,700 |
| Stacey A. GrahamIndependent · Nominating and Governance (Chair) · Technology | 49,700 | — | — | — | 0 | 49,700 |
| Patricia W. EbyIndependent · Audit (Chair) | 48,800 | — | — | — | 0 | 48,800 |
| Larry A. HoffIndependent · Executive · Audit · Compensation (Chair) | 45,500 | — | — | — | 0 | 45,500 |
| Bess R. WillsIndependent · Executive · Nominating and Governance · Compensation | 44,400 | — | — | — | 0 | 44,400 |
| Valerie MorenoIndependent · Compensation · Senior Loan · Technology (Chair) | 44,000 | — | — | — | 0 | 44,000 |
| Bradley J. CarlsonIndependent · Audit · Nominating and Governance · Technology | 43,300 | — | — | — | 0 | 43,300 |
| Kourosh N. ZamanizadehIndependent · Partial-year service · Newly elected | 0 | — | — | — | 0 | 0 |
| Jon L. GirodIndependent · Partial-year service · Newly elected | 0 | — | — | — | 0 | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $20,000 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | $1,000 |
| Committee chair fees (audit / comp / nom-gov) | 7,000 / 7,000 / 7,000 |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2026 |
|---|---|
| Cash retainers and fees | $344,400 |
| Equity awards (grant-date value) | $0 |
| All other compensation | $0 |
| Total cost of the board | $344,400 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Riverview Bancorp as a peer
Companies that benchmark against RVSB
2 companies name RVSB as a compensation peer
- NORTHRIM BANCORP INCNRIMFY2025
- UNITED SECURITY BANCSHARESUBFOFY2024
Each company listed discloses RVSB in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named RVSB in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
Disclosed peer group — fiscal year 2026
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Riverview Bancorp Inc | 2026 | B. Nicole Sherman | $430,461 | $42,498 | $0 | $0 | $527,653 |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-08-27 | 8,512,601 | 4,800,546 | 620,490 | 63.94% | Passed |
| 2025 | 2025-08-28 | 9,117,649 | 5,295,647 | 663,608 | 63.26% | Passed |
| 2024 | 2024-08-28 | 13,643,172 | 1,279,503 | 737,574 | 91.43% | Passed |
| 2024 | 2024-08-28 | 13,643,172 | 1,279,503 | 737,574 | 91.43% | Passed |
| 2023 | 2023-08-23 | 12,763,080 | 1,553,516 | 788,254 | 89.15% | Passed |
| 2022 | 2022-08-24 | 13,298,950 | 685,351 | 670,033 | 95.1% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-08-27 | 63.94%a |
| 2025 | 2025-08-28 | 63.26%b |
| 2024 | 2024-08-28 | 91.43%c |
a. Approved under the standard stated in the filing — “Vote Required to Approve Proposal 2: Advisory Approval of Named Executive Officer Compensation Approval of the advisory (non-binding) resolution to approve the compensation of our named executive officers as disclosed in this Proxy Statement requires the affirmative vote of a majority of the votes cast at the annual meeting. || Abstentions: Abstentions and broker non-votes will have no effect on the proposal.”.
b. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect on the proposal.”.
c. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect on the proposal.”.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
CEO pay ratio
| Ratio (CEO : median employee) | — |
|---|---|
| CEO total compensation | — |
| Median employee compensation | — |
Insider trades since the proxy
Every insider equity transaction reported on Form 4 after the 2026 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Nierenberg Investment Management Company, LLC | Greater-than-10% holder | 2026-07-22 | D | 5,000 | $5 | $26,250 | Common, indirect | Form 4 ↗ |
| Nierenberg Investment Management Company, LLC | Greater-than-10% holder | 2026-07-23 | D | 5,000 | 5 | 26,350 | Common, indirect | Form 4 ↗ |
| Nierenberg Investment Management Company, LLC | Greater-than-10% holder | 2026-07-24 | D | 5,000 | 5 | 26,450 | Common, indirect | Form 4 ↗ |
| Jon L. Girod | Director | 2026-07-31 | A | 2,000 | 5 | 10,478 | Common | Form 4 ↗ |
| Jon L. Girod | Director | 2026-08-03 | A | 1,000 | 5 | 5,408 | Common | Form 4 ↗ |
| Charmaine Lightheart | EVP/CRDEO | 2026-08-12 | A | 250 | 5 | 1,327 | Common | Form 4 ↗ |
| David Lam | EVP/CFO | 2026-08-17 | A | 1,000 | 5 | 5,170 | Common | Form 4 ↗ |
| Bradley J. Carlson | Director | 2026-08-18 | A | 1,000 | 5 | 5,070 | Common | Form 4 ↗ |
| Robert Benke | EVP/CCO | 2026-08-20 | A | 1,000 | 5 | 5,050 | Common | Form 4 ↗ |
| Kourosh N. Zamanizadeh | Director | 2026-09-14 | A | 1,800 | 5 | 9,648 | Common | Form 4 ↗ |
| Kourosh N. Zamanizadeh | Director | 2026-09-14 | A | 1,800 | 5 | 9,711 | Common | Form 4 ↗ |
| Bess R. Wills | Director | 2026-09-15 | A | 2,000 | 6 | 11,170 | Common | Form 4 ↗ |
| Stacey A. Graham | Director | 2026-09-16 | A | 1,750 | 6 | 9,975 | Common | Form 4 ↗ |
| B. Nicole Sherman | Director | 2026-09-17 | A | 1,765 | 6 | 10,043 | Common | Form 4 ↗ |
| Charmaine Lightheart | EVP/CRDEO | 2026-09-17 | A | 100 | 6 | 568 | Common | Form 4 ↗ |
| Breanne D. Antich | Chief Technology Officer/EVP | 2026-09-23 | D | 97 | 45 | 4,348 | Common | Form 4 ↗ |
| Breanne D. Antich | Chief Technology Officer/EVP | 2026-09-24 | D | 66 | 45 | 2,977 | Common | Form 4 ↗ |
| Jon L. Girod | Director | 2026-10-30 | A | 2,000 | 6 | 12,080 | Common | Form 4 ↗ |
| Gerald L. Nies | Director | 2026-11-03 | D | 25,169 | 6 | 154,316 | Common | Form 4 ↗ |
| Gerald L. Nies | Director | 2026-11-04 | D | 18,001 | 6 | 110,710 | Common | Form 4 ↗ |
Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.
Sources (42 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, B. Nicole Sherman. DEF 14A, filed 2026-07-17. Section “Executive Compensation”. As printed: 527,653. View filing ↗
- Section 01, C. Evan Sowers. DEF 14A, filed 2026-07-17. Section “Executive Compensation”. As printed: 457,095. View filing ↗
- Section 01, Daniel Cox. DEF 14A, filed 2026-07-17. Section “Executive Compensation”. As printed: 395,208. View filing ↗
- Section 03, B. Nicole Sherman PRSU. DEF 14A, filed 2026-07-17. Section “E XECUTIVE COMPENSATION” · grants of plan-based awards table. View filing ↗
- Section 03, Daniel Cox PRSU. DEF 14A, filed 2026-07-17. Section “E XECUTIVE COMPENSATION” · grants of plan-based awards table. View filing ↗
- Section 03, C. Evan Sowers PRSU. DEF 14A, filed 2026-07-17. Section “E XECUTIVE COMPENSATION” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. 10-K, filed 2026-06-12. Section “CEO Pay Ratio”. As printed: —. View filing ↗
- Section 08, Gerald L. Nies. DEF 14A, filed 2026-07-17. Section “Director Compensation”. As printed: 68,700. View filing ↗
- Section 08, Stacey A. Graham. DEF 14A, filed 2026-07-17. Section “Director Compensation”. As printed: 49,700. View filing ↗
- Section 08, Patricia W. Eby. DEF 14A, filed 2026-07-17. Section “Director Compensation”. As printed: 48,800. View filing ↗
- Section 08, Larry A. Hoff. DEF 14A, filed 2026-07-17. Section “Director Compensation”. As printed: 45,500. View filing ↗
- Section 08, Bess R. Wills. DEF 14A, filed 2026-07-17. Section “Director Compensation”. As printed: 44,400. View filing ↗
- Section 08, Valerie Moreno. DEF 14A, filed 2026-07-17. Section “Director Compensation”. As printed: 44,000. View filing ↗
- Section 08, Bradley J. Carlson. DEF 14A, filed 2026-07-17. Section “Director Compensation”. As printed: 43,300. View filing ↗
- Section 08, Kourosh N. Zamanizadeh. DEF 14A, filed 2026-07-17. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Jon L. Girod. DEF 14A, filed 2026-07-17. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 02, Nierenberg Investment Management Company, LLC 2026-07-22. Form 4, filed 2026-07-24. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Nierenberg Investment Management Company, LLC 2026-07-23. Form 4, filed 2026-07-24. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Nierenberg Investment Management Company, LLC 2026-07-24. Form 4, filed 2026-07-24. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Jon L. Girod 2026-07-31. Form 4, filed 2026-08-03. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Jon L. Girod 2026-08-03. Form 4, filed 2026-08-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Charmaine Lightheart 2026-08-12. Form 4, filed 2026-08-13. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, David Lam 2026-08-17. Form 4, filed 2026-08-18. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Bradley J. Carlson 2026-08-18. Form 4, filed 2026-08-20. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Robert Benke 2026-08-20. Form 4, filed 2026-08-24. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Kourosh N. Zamanizadeh 2026-09-14. Form 4, filed 2026-09-15. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Kourosh N. Zamanizadeh 2026-09-14. Form 4, filed 2026-09-15. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Bess R. Wills 2026-09-15. Form 4, filed 2026-09-17. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Stacey A. Graham 2026-09-16. Form 4, filed 2026-09-17. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, B. Nicole Sherman 2026-09-17. Form 4, filed 2026-09-17. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Charmaine Lightheart 2026-09-17. Form 4, filed 2026-09-17. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Breanne D. Antich 2026-09-23. Form 4, filed 2026-09-25. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Breanne D. Antich 2026-09-24. Form 4, filed 2026-09-25. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Jon L. Girod 2026-10-30. Form 4, filed 2026-11-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Gerald L. Nies 2026-11-03. Form 4, filed 2026-11-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Gerald L. Nies 2026-11-04. Form 4, filed 2026-11-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-09-02. Item 5.07 · say-on-pay result. As reported: 63.94% (votes for as printed: 8,512,601). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-09-04. Item 5.07 · say-on-pay result. As reported: 63.26% (votes for as printed: 9,117,649). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-09-03. Item 5.07 · say-on-pay result. As reported: 91.43%. View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 09b board cost (computed). Computed. Cash 344,400 + equity 0 + all other 0 = 344,400, summed across the director compensation table rows.
- Riverview Bancorp Inc (subject), Section 10b CEO total. DEF 14A, filed 2026-07-17. CEO total compensation as printed in Riverview Bancorp Inc's own proxy. As printed: 527,653. View filing ↗