Company: ASRV
Filing Date: 2025-06-16
Form Type: DEF 14A
Source: 0001140361-25-022675
Chunk: 37

Company: AMERISERV FINANCIAL INC /PA/
Filing Date: 2025-06-16
Form: DEF 14A
Chunk 37
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                   | 15,000 |     |             | 0 |     |               | 0 |     |                  | $3.84 |     |          | 2/17/2031 |     |            |
| David A. Finui    |        |     |      10,000 |   |     |             0 |   |     |                0 |       |     |    $3.32 |           |     | 9/29/2026  |
|                   | 10,000 |     |             | 0 |     |               | 0 |     |                  | $3.84 |     |          | 2/17/2031 |     |            |

24

Pension Benefits The following table sets forth information concerning plans that provide for payments or other benefits at, following, or in connection with, retirement for each Named Executive Officer. PENSION BENEFITS FOR THE YEAR ENDED DECEMBER 31, 2024

| Name              |     | Plan Name            |     | Number of 
  years of 
  Credited 
   Service |     | Present Value of 
      Accumulated 
          Benefit 
           ($)(1) |     |    Payments 
 During Last 
 Fiscal Year 
         ($) |
| Jeffrey A. Stopko |     | Defined Benefit Plan |     |        38 |     |        1,142,833 |     |           0 |
| Michael D. Lynch  |     | Defined Benefit Plan |     |        42 |     |        1,003,083 |     |           0 |

| (1) | The present value of accumulated benefits was calculated with the following assumptions. Retirement occurs at age 65. At that time, the participants take a lump sum based on the accrued benefit as of December 31, 2024. The lump sum is calculated using an interest rate of 5.58% and the IRS 2024 applicable mortality table for IRC Section 417(e). The lump sum is discounted to December 31, 2024, at a rate of 5.58% per year. |

Benefits described in the foregoing table relate to the qualified defined benefit retirement plan. Remuneration for pension benefit purposes is total cash remuneration paid to an employee for a calendar year, including base salary, wages, commissions, overtime, bonuses and any other form of extra cash compensation and any pre-tax contributions under a qualified retirement or cafeteria plan