AmeriServ Financial (ASRV) director granted 7,250-share stock retainer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KUNKLE KIM W reported acquisition or exercise transactions in this Form 4 filing.
AMERISERV FINANCIAL INC director Kim W. Kunkle reported a stock-based compensation award rather than an open-market trade. An independent director received a grant of 7,250 shares of common stock at $3.793 per share as part of an annual retainer of $27,500 paid in stock.
After this grant, Kunkle holds 188,553 AmeriServ common shares directly and 67,390 shares indirectly through Laurel Holdings, Inc., reflecting both personal and entity-related ownership positions with no derivative securities reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
KUNKLE KIM W
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,250 | $3.793 | $27K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 188,553 shares (Direct, null);
Common Stock — 67,390 shares (Indirect, Laurel Holdings, Inc.)
Footnotes (1)
- [object Object]
Key Figures
Stock grant: 7,250 shares
Grant price: $3.793 per share
Annual retainer: $27,500
+2 more
5 metrics
Stock grant
7,250 shares
Common stock grant coded as award to independent director
Grant price
$3.793 per share
Price for 7,250-share director stock grant
Annual retainer
$27,500
Payable in shares of common stock to each independent director
Direct holdings after grant
188,553 shares
AmeriServ common stock held directly by Kim W. Kunkle
Indirect holdings
67,390 shares
AmeriServ common stock held indirectly via Laurel Holdings, Inc.
Key Terms
Annual Retainer, independent director, Grant, award, or other acquisition, indirect, +1 more
5 terms
Annual Retainer financial
"Annual Retainer of $27,500 payable in shares of common stock"
independent director financial
"payable in shares of common stock to each independent director"
An independent director is a member of a company's board of directors who is not involved in the company's day-to-day operations and has no significant relationships with the company that could influence their judgment. Their role is to provide unbiased oversight and ensure the company is managed in the best interests of all shareholders. This helps build trust and confidence among investors by promoting transparency and accountability.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition"
indirect financial
""ownership_type": "indirect""
Common Stock financial
""security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did ASRV director Kim W. Kunkle report?
Kim W. Kunkle reported receiving a grant of 7,250 AmeriServ common shares as stock-based compensation. The shares were awarded at $3.793 each as part of an annual retainer of $27,500 paid in stock to each independent director.
Was the ASRV Form 4 transaction a market purchase or sale?
The Form 4 shows a grant of 7,250 AmeriServ shares as compensation, not a market purchase or sale. The transaction is coded as a grant, award, or other acquisition and is tied to an annual retainer payable in common stock to independent directors.
What is the value of the ASRV director’s stock retainer reported in this Form 4?
The filing notes an annual retainer of $27,500 payable in AmeriServ common stock to each independent director. In this case, Kim W. Kunkle received 7,250 shares at $3.793 per share to satisfy that stock-based retainer obligation.