AmeriServ Financial (ASRV) Director Richard W. Bloomingdale Receives 222 Shares
$ASRV · AMERISERV FINANCIAL INC /PA/Research Summary
AI-generated summary of this SEC filing
AmeriServ Financial (ASRV) Director Richard W. Bloomingdale Receives 222 Shares
What Happened
Richard W. Bloomingdale, a director of AmeriServ Financial, received 222 shares on May 18, 2026. The shares were acquired at an effective price of $3.92 each for a total value of approximately $871. This was an acquisition via dividend reinvestment (not an open-market purchase or sale) — a routine way to convert dividends into additional shares.
Key Details
- Transaction date: 2026-05-18; Filing date: 2026-06-01 (filed 14 days after the transaction)
- Price per share: $3.92; Shares acquired: 222; Total value: ~$871
- Shares were acquired through dividend reinvestment (footnote F1)
- Shares owned after the transaction: not specified in the provided filing excerpt
- Timeliness: Filing was submitted on 2026-06-01 for a 2026-05-18 transaction, which is later than the typical 2-business-day Form 4 deadline
Context
Dividend reinvestment plan (DRIP) acquisitions are common and typically routine — they reflect the holder converting dividends into additional shares rather than a directional trade. The small dollar amount here ($~871) suggests this is a routine dividend reinvestment rather than a significant insider purchase signaling a change in conviction.