Banking
Riverview Bancorp Executive Compensation (FY26)
RVSB · Executive and director compensation, fiscal 2024 to 2026
New filing — September 2, 2026, data updatedData as of September 7, 2026Latest filing (8-K): September 2, 2026
128 figures on this page: 116 cited to the filing that reported them, 12 calculated from figures it prints. See the citations
Disclosures span fiscal 2024 through fiscal 2026, and the company reported 3 named executive officers for fiscal 2026. B. Nicole Sherman, President and Chief Executive Officer, received $527,653 in total compensation for fiscal 2026. Sherman's total moved 64.4% lower from the $1,481,716 reported for fiscal 2025. For fiscal 2026, shareholders backed the say-on-pay proposal with 63.9% of votes cast for or against in favor at the meeting held August 27, 2026.
What changed from fiscal 2025 to fiscal 2026
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — B. Nicole Sherman: $1,481,716 → $527,653 (64.4% lower)
Say-on-pay support: 63.3% → 63.9% (0.6 points higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is Riverview Bancorp's chief executive and what were they paid?
B. Nicole Sherman, President and Chief Executive Officer, received $527,653 in total compensation for fiscal 2026. Sherman's total moved 64.4% lower from the $1,481,716 reported for fiscal 2025.
What was Riverview Bancorp's say-on-pay result?
For fiscal 2026, shareholders backed the say-on-pay proposal with 63.9% of votes cast for or against in favor at the meeting held August 27, 2026.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
C. Evan Sowers President and Chief Executive Officer of Riverview Trust Company | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Daniel Cox Executive Vice President and Chief Operating Officer | ◇ | — | ◇ | ◇ | — | — | ◇ | — not reconciled |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
B. Nicole Sherman President and Chief Executive Officer | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
C. Evan Sowers President and Chief Executive Officer of Riverview Trust Company | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Daniel D. Cox Executive Vice President and Chief Operating Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2026
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
B. Nicole Sherman President and Chief Executive Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
C. Evan Sowers President and Chief Executive Officer of Riverview Trust Company | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Daniel Cox Executive Vice President and Chief Operating Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2026
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| B. Nicole Sherman | PRSU | — | — | — | — | — | — | ◇ |
| C. Evan Sowers | PRSU | — | — | — | — | — | — | ◇ |
| Daniel D. Cox | PRSU | — | — | — | — | — | — | ◇ |
Fiscal 2025 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2026 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| C. Sowers | PSU | ◇ | ◇ | — | — |
| Daniel Cox | PSU | ◇ | ◇ | — | — |
| B. Sherman | PSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Severance and change in control
The terms as written in the agreements.
C. Evan Sowers
President and Chief Executive Officer of Riverview Trust Company · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Severance multiple | ◇ |
| Severance base | ◇ |
| Change-in-control multiple | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
| Excise tax treatment | ◇ |
| Non-compete period | ◇ |
B. Nicole Sherman
President and Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Severance multiple | ◇ |
| Severance base | ◇ |
| Change-in-control multiple | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
| Excise tax treatment | ◇ |
| Non-compete period | ◇ |
Director compensation
What each non-employee director was paid.
Fiscal 2026
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Gerald L. Nies Board chair | ◇ | — | — | — | — | — | ◇ |
Stacey A. Graham | ◇ | — | — | — | — | — | ◇ |
Patricia W. Eby | ◇ | — | — | — | — | — | ◇ |
Larry A. Hoff | ◇ | — | — | — | — | — | ◇ |
Bess R. Wills | ◇ | — | — | — | — | — | ◇ |
Valerie Moreno | ◇ | — | — | — | — | — | ◇ |
Bradley J. Carlson | ◇ | — | — | — | — | — | ◇ |
B. Nicole Sherman, Kourosh N. Zamanizadeh and Jon L. Girod served on the board in fiscal 2026 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Total board retainer | ◇ |
| Board chair premium | ◇ |
| Board meeting fee | ◇ |
| Committee meeting fee | ◇ |
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2026 | August 27, 2026 | = | ◇ | ◇ | ◇ |
| 2025 | August 28, 2025 | = | ◇ | ◇ | ◇ |
| 2024 | August 28, 2024 | = | ◇ | ◇ | ◇ |
| 2023 | August 28, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | August 23, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | August 24, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | August 25, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | August 26, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | July 24, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | July 25, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | July 26, 2017 | = | ◇ | ◇ | ◇ |
| 2015 | July 27, 2016 | = | ◇ | ◇ | ◇ |
What this page does not include
Everything above is a fact Riverview Bancorp disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceSay-on-pay responsiveness
Riverview Bancorp recorded a low support level. The responsiveness analysis covers what the company said it would do, what it did, and how that compares with the companies that recovered their vote.
Responsiveness analysisAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
128 figures on this page: 116 cited to the filing that reported them, 12 calculated from figures it prints.
116 cited to the filing
12 calculated from the filing
Documents cited
- 0000939057-26-000222Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001041368-26-000012E XECUTIVE COMPENSATION · MEETINGS AND COMMITTEES OF THE BOARD OF DIRECTORS AND CORPORATE GOVERNANCE MATTERS · Outstanding Equity Awards · Summary Compensation Table
- 0000939057-25-000252Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000939057-25-000168Compensation Discussion and Analysis · Summary Compensation Table
- 0000939057-24-000249Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000939057-23-000263Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000939057-22-000269Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000939057-21-000268Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000939057-20-000355Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000939057-19-000286Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000939057-18-000377Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000939057-17-000329Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000939057-16-000938Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Riverview Bancorp executive compensation, FY2024–FY2026.” https://intel.velarion.ai/comp/RVSB (accessed 2026).
Short form: data: Velarion
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Terms on this page
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}