Form 4: CFO McKim Sells CHMG Shares for Tax Obligations
Insider Transaction Report
Chemung Financial Corp's EVP, CFO & Treasurer, Dale M. McKim III, disposed of 95 shares of common stock to cover tax liabilities.
Summary
- Dale M. McKim III, the Executive Vice President, Chief Financial Officer, and Treasurer of Chemung Financial Corp (CHMG), reported a transaction.
- On December 19, 2025, McKim disposed of 95 shares of the company's common stock.
- The shares were sold at a price of $57.81 per share.
- This transaction, indicated by transaction code 'F', typically represents shares withheld to cover tax obligations related to equity awards.
- Following this disposition, McKim beneficially owns 5,307 shares of Chemung Financial Corp common stock directly.
Sentiment
Score: 5
Explanation: Neutral. This is a routine insider transaction for tax purposes, not indicative of positive or negative company performance or outlook.
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a small, routine transaction for tax purposes by an insider, not reflecting a change in company fundamentals or strategy.
Key Dates
| Date | Description |
|---|---|
| 2025-07-16 | Date of Power of Attorney granted to Kathleen E. Cook. |
| 2025-12-19 | Date of the reported transaction where 95 shares of common stock were disposed of. |
| 2025-12-22 | Date the Form 4 was signed by the reporting person's attorney-in-fact. |
Keywords
Chemung Financial Corp, CHMG, Form 4, Insider Transaction, Stock Sale, CFO, Tax Withholding, Beneficial Ownership
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