How Sherman was paid
$1.5M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| B. Nicole ShermanPresident and Chief Executive Officer | $318,750 | $100,000 | $896,060 | $127,720 | $39,186 | $1,481,716 |
| Daniel D. CoxExecutive Vice President and Chief Operating Officer | $324,821 | — | $63,861 | $47,581 | $22,421 | $458,684 |
| C. Evan SowersPresident and Chief Executive Officer of Riverview Trust Company | $323,060 | — | $62,398 | $130,839 | $24,354 | $540,651 |
What changed and why
- $1.5M$1,481,716 was CEO B. Nicole Sherman’s 2025 total compensation, including $896,060 in stock awards.
- $100K$100,000 was Sherman’s signing bonus under her employment agreement.
- 40%Up to 40% of salary was the CEO’s target incentive compensation opportunity.
- Profitability and deposit growth goals produced no payout; asset quality and personal goals paid in full.
- $4.9M$4.9 million was 2025 net income, below the $5.1 million minimum incentive threshold.
- Leadership changed in 2025, as Sherman became CEO effective July 1, 2024, after Cox served as acting CEO.
Other Riverview Bancorp proxy statements
- 2026 proxy statement
B. Nicole Sherman paid $527,653 (-64% on the year).
Filed Jul 17, 2026
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.