Form 4: Chemung Financial Corp Director Sells Shares on March 1, 2024
SEC Form 4
Director Raimundo C. Archibold Jr. sold 425 shares of Chemung Financial Corp (CHMG) at a price of $42.2169 on March 1, 2024.
Summary
- On March 1, 2024, Raimundo C. Archibold Jr., a director of Chemung Financial Corp (CHMG), sold 425 shares of the company's common stock.
- The sale price was $42.2169 per share.
- Following the transaction, Archibold directly owns 1,383 shares of Chemung Financial Corp.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock sale by a company director. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.
Industry Context
This is a standard Form 4 filing, indicating a change in beneficial ownership by a company insider. Such filings are common and provide transparency into insider transactions, which investors often monitor for signals about a company's prospects.
Stakeholder Impact
- The sale of shares by a director could be perceived neutrally or slightly negatively by shareholders, depending on the context and the size of the transaction.
Key Dates
| Date | Description |
|---|---|
| 02/01/2021 | Date of Power of Attorney granted to Kathleen S. McKillip |
| 03/01/2024 | Date of stock sale transaction |
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