Riverview Bancorp CTO Breanne Antich Withholds Shares for Taxes

What Happened Breanne Antich, Chief Technology Officer and EVP of Riverview Bancorp (TSBK), had 163 shares withheld to cover tax obligations when restricted stock vested. On Sept 23, 2026, 97 shares were withheld at $44.82 each (value $4,348). On Sept 24, 2026, 66 shares were withheld at $45.10 each (value $2,977). The combined value of the withheld shares is about $7,325. These were tax-withholding dispositions (code F), not open-market sales or purchases.

Key Details

• Transaction dates and amounts:
  • 2026-09-23: 97 shares withheld at $44.82 — $4,348
  • 2026-09-24: 66 shares withheld at $45.10 — $2,977
• Total withheld: 163 shares; total value ≈ $7,325.
• Filing: Form 4 filed 2026-09-25; filing appears timely relative to the transaction dates.
• Shares owned after the transactions: not specified in the filing.
• Footnotes:
  • F1: 400 restricted shares vested on 9/23/2026; 97 were withheld at the reporting person's election to pay state and federal tax authorities.
  • F2: 300 restricted shares vested on 9/24/2026; 66 were withheld similarly.

Context This was a routine tax-withholding event tied to restricted stock vesting (a cashless withholding method), not a discretionary sale or purchase that signals investment intent. Such withholdings are common when equity awards vest and usually reflect tax obligations rather than a change in the insider’s view of the company.