Form 4: Chemung Financial Corp Controller Sells Shares in Recent Transaction

Chemung Financial Corp's Controller, John J. Stempin, disposed of 8 shares of common stock at a price of $50.05 per share on December 20, 2024.

Summary

• John J. Stempin, Controller at Chemung Financial Corp, sold 8 shares of the company's common stock.
• The transaction occurred on December 20, 2024.
• The sale price was $50.05 per share.
• Following the transaction, Mr. Stempin directly owns 234 shares of Chemung Financial Corp stock.

Sentiment

Score: 5

Explanation: The document is a neutral report of an insider transaction. It doesn't indicate positive or negative sentiment, just a factual record of a stock sale.

Industry Context

This is a routine Form 4 filing, which is common for corporate insiders who trade company stock. It provides transparency into the transactions of company officers.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the United States, ensuring transparency of insider transactions.
• The transaction is small in scale, involving only 8 shares, which is not unusual for routine insider sales.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders due to the small number of shares involved.

Key Dates

Keywords

Chemung Financial Corp, insider trading, stock sale, Form 4, CHMG, John J. Stempin, Controller