AmeriServ (ASRV) director awarded $27,500 in common stock as board retainer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bloomingdale Richard W. reported acquisition or exercise transactions in this Form 4 filing.
AmeriServ Financial director Richard W. Bloomingdale received a stock grant as part of his board compensation. He was awarded 7,250 shares of common stock on June 2, 2026 at a value of $3.793 per share, representing an annual retainer of $27,500 payable in stock to each independent director. Following this award, he directly owns 39,370 AmeriServ common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bloomingdale Richard W.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,250 | $3.793 | $27K |
Holdings After Transaction:
Common Stock — 39,370 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 7,250 shares
Grant price per share: $3.793 per share
Annual retainer value: $27,500
+1 more
4 metrics
Shares granted
7,250 shares
Common Stock grant on June 2, 2026
Grant price per share
$3.793 per share
Valuation used for the stock award
Annual retainer value
$27,500
Paid in AmeriServ common stock to each independent director
Shares owned after transaction
39,370 shares
Bloomingdale’s direct holdings after the June 2, 2026 grant
Key Terms
Annual Retainer, Grant, award, or other acquisition, Common Stock, independent director
4 terms
Annual Retainer financial
"Annual Retainer of $27,500 payable in shares of common stock"
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
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.
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.
FAQ
What did AmeriServ (ASRV) director Richard Bloomingdale report on this Form 4?
He reported receiving 7,250 AmeriServ common shares as a stock grant. The award is compensation for board service and is classified as a grant, award, or other acquisition rather than an open-market purchase or sale.
What is the value of the AmeriServ (ASRV) stock grant to Richard Bloomingdale?
The filing notes an annual retainer of $27,500 payable in shares of AmeriServ common stock. Bloomingdale’s 7,250-share award corresponds to this retainer, using a per-share value of $3.793 stated in the transaction details.
Was Richard Bloomingdale’s AmeriServ (ASRV) transaction a market buy or sell?
No. The transaction is coded as “A” for a grant, award, or other acquisition. It represents stock-based compensation for serving as an independent director, not an open-market purchase or sale of AmeriServ shares.
How is AmeriServ (ASRV) compensating its independent directors in this filing?
Independent directors receive an annual retainer of $27,500 paid in AmeriServ common stock. The Form 4 shows this retainer being delivered as a share grant, rather than cash, to director Richard Bloomingdale.