ADAMS J MICHAEL JR 4

What Happened J. Michael Adams Jr., a director of AmeriServ Financial, received an award of 7,250 shares of common stock on 2026-06-02. The reported acquisition price was $3.79 per share for a total reported value of $27,499. This transaction is an equity compensation award (not an open-market purchase or sale) and reflects a routine director retainer payment.

Key Details

• Transaction date: 2026-06-02; filing date: 2026-06-03 (timely filing).
• Shares acquired: 7,250 at $3.79 per share; total reported value $27,499.
• Shares owned after transaction: not specified in the summary provided.
• Footnote: The grant is the annual retainer of $27,500 payable in shares to each independent director (per filing footnote).
• Transaction type code: A (award/grant). No 10b5-1, tax-withholding, or late-filing notes were indicated in the data provided.

Context This award is routine director compensation paid in stock rather than cash. Such grants are common and primarily reflect pay structure, not necessarily a directional insider signal. The dollar amount is modest relative to typical institutional trades; retail investors should view it as compensation-related rather than a direct buy/sell endorsement. Reference: Form 4 filed (Accession 0000707605-26-000042) for period 2026-06-02.