Company: ASRV
Filing Date: 2025-06-16
Form Type: DEF 14A
Source: 0001140361-25-022675
Chunk: 49

Company: AMERISERV FINANCIAL INC /PA/
Filing Date: 2025-06-16
Form: DEF 14A
Chunk 49
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|:----|:--------------|:----|--------------:|:----|:--------------|:----|---------------:|:----|:---------------|:----|:---------------|:----|-------------:|
| 2023 |     | $—            |     |      $(1,750) |     | $—            |     |      $(10,217) |     | $—             |     | $—             |     |    $(11,967) |
| 2022 |     | $—            |     |          $700 |     | $—            |     |         $2,958 |     | $—             |     | $—             |     |       $3,658 |

| (5) | Cumulative TSR is calculated by dividing the sum of the cumulative amount of cash dividends for the measurement period, assuming dividend reinvestment, and the difference between the Corporation’s share price at the end and the beginning of the measurement period by the share price at the beginning of the measurement period. |

| (6) | The dollar amounts reported represent the amount of net income (loss) reflected in our consolidated audited financial statements for the applicable year. |

Analysis of the Information Presented in the Pay Versus Performance Table In accordance with Item 402(v) of Regulation S-K, we are providing the following descriptions of the relationships between information presented in the Pay Versus Performance Table.

32

Compensation Actually Paid and Net Income (Loss) In 2022 and 2023, net income was $7.4 million and negative $3.3 million, respectively, representing a 145% decrease year over year. In 2024, net income was $3.6 million, representing a 208% increase year over year from 2023. The graph below displays the relationship between this net income fluctuation and compensation actually paid to the PEO and NEOs: Compensation Actually Paid and Cumulative TSR In 2022, 2023, and 2024 our cumulative TSR on the value of a fixed $100 investment was $105.32, $87.27 and $78.83 respectively. The graph below displays the relationship between the change in the cumulative TSR and compensation actually paid to the PEO and NEOs: All information provided above under the “Pay Versus Performance Information” heading will not be deemed to be incorporated by reference in any filing of our company under the Securities Act of 1933, as amended, whether made before or after the