AmeriServ director receives 7,250-share stock retainer

Q: Was the AmeriServ (ASRV) Form 4 transaction a stock purchase or a grant?

The Form 4 shows a grant/award acquisition, not an open-market purchase. Onorato received 7,250 AmeriServ common shares as compensation, coded as transaction type “A” for a grant or award under SEC rules.

Q: What is the value of the AmeriServ (ASRV) stock grant to director Onorato?

The filing ties the grant to an annual retainer of $27,500, payable in AmeriServ common stock. At the stated share value of $3.793, this corresponds to the 7,250 shares reported on the Form 4.

Q: Why did AmeriServ (ASRV) grant shares to its independent director?

The footnote explains that AmeriServ pays an annual retainer of $27,500 in common stock to each independent director. The 7,250-share grant to Daniel A. Onorato represents this stock-based board compensation.

Onorato Daniel A. reported acquisition or exercise transactions in this Form 4 filing.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Onorato Daniel A. reported acquisition or exercise transactions in this Form 4 filing.

AmeriServ Financial director Daniel A. Onorato received a stock grant as part of his board compensation. Onorato was awarded 7,250 shares of AmeriServ common stock at a value of $3.793 per share, reflecting an annual retainer of $27,500 paid in stock. After this award, he holds 65,334 shares directly.

Insider Trade Summary

Grant/Award: 7,250 shares

Grant/Award 1 txn

Insider Onorato Daniel A.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	7,250	$3.793	$27K

Holdings After Transaction: Common Stock — 65,334 shares (Direct)

Footnotes (1)

F1. Annual Retainer of $27,500 payable in shares of common stock to each independent director.

Key Figures

Shares granted: 7,250 shares Grant share value: $3.793 per share Annual retainer: $27,500 +1 more

4 metrics

Shares granted 7,250 shares Common Stock grant to director on 2026-06-02

Grant share value $3.793 per share Value used for the stock award

Annual retainer $27,500 Retainer payable in AmeriServ common stock to each independent director

Post-transaction holdings 65,334 shares Common Stock directly owned by Daniel A. Onorato after the grant

Key Terms

Annual Retainer, independent director, Common Stock, grant/award acquisition

4 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.

Common Stock financial

"Common Stock grant and retainer payable in shares of 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.

grant/award acquisition financial

"transaction_action: grant/award acquisition for the Form 4 code A"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did AmeriServ (ASRV) report for Daniel A. Onorato?

AmeriServ reported that director Daniel A. Onorato received 7,250 shares of common stock. The shares were granted as an annual retainer, compensating him for board service rather than an open-market purchase or sale.

Was the AmeriServ (ASRV) Form 4 transaction a stock purchase or a grant?

The Form 4 shows a grant/award acquisition, not an open-market purchase. Onorato received 7,250 AmeriServ common shares as compensation, coded as transaction type “A” for a grant or award under SEC rules.

What is the value of the AmeriServ (ASRV) stock grant to director Onorato?

The filing ties the grant to an annual retainer of $27,500, payable in AmeriServ common stock. At the stated share value of $3.793, this corresponds to the 7,250 shares reported on the Form 4.

How many AmeriServ (ASRV) shares does Daniel A. Onorato own after this grant?

After receiving the 7,250-share grant, Onorato directly holds 65,334 shares of AmeriServ common stock. This total reflects his position immediately following the compensation-related award reported in the Form 4.

Why did AmeriServ (ASRV) grant shares to its independent director?

The footnote explains that AmeriServ pays an annual retainer of $27,500 in common stock to each independent director. The 7,250-share grant to Daniel A. Onorato represents this stock-based board compensation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Accepted by SEC EDGAR 06/03/2026 - 11:20 AM EDT

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Onorato Daniel A.

(Last)

(First)

(Middle)

216 FRANKLIN STREET

(Street)

JOHNSTOWN

PENNSYLVANIA

15901

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
AMERISERV FINANCIAL INC /PA/ [ ASRV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/02/2026		A	V⁽¹⁾	7,250	A	$3.793	65,334	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Annual Retainer of $27,500 payable in shares of common stock to each independent director.

	Sharon M. Callihan - Attorney-in-Fact	06/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR