Dividend reinvestment boosts AmeriServ (ASRV) director Daniel Onorato’s holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AmeriServ Financial Inc. director Daniel A. Onorato reported an automatic share increase through the company’s dividend reinvestment program. Onorato acquired 440 shares of common stock at $3.8359 per share on a grant/award basis, bringing his directly held total to 57,650 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Onorato Daniel A.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 440 | $3.8359 | $2K |
Holdings After Transaction:
Common Stock — 57,650 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did AMERISERV FINANCIAL INC (ASRV) report for Daniel A. Onorato?
AMERISERV FINANCIAL INC reported that director Daniel A. Onorato acquired 440 shares of common stock. The acquisition occurred through dividend reinvestment, meaning cash dividends were automatically used to purchase additional shares instead of being paid out in cash.
What does ‘dividend reinvestment’ mean in the context of ASRV’s Form 4?
In this ASRV Form 4, dividend reinvestment means cash dividends owed to Daniel Onorato were used to buy 440 additional shares instead of being paid in cash. This automatic process increases his share count without a separate cash purchase.
Is Daniel A. Onorato a director or officer of AMERISERV FINANCIAL INC (ASRV)?
According to the Form 4, Daniel A. Onorato is reported as a director of AMERISERV FINANCIAL INC. He is not listed as an officer and has no ten-percent-owner status in this particular insider ownership disclosure.