Form 4: Chemung Financial Corp EVP & CIO, Loren D Cole, Reports Stock Sale
SEC Form 4 Filing
Loren D Cole, EVP & CIO of Chemung Financial Corp, reports selling 1,000 shares of common stock at $51.21 on November 6, 2024.
Summary
- On November 6, 2024, Loren D Cole, the EVP & CIO of Chemung Financial Corp, sold 1,000 shares of the company's common stock.
- The sale price was $51.21 per share.
- Following the transaction, Cole directly owns 4,771 shares of common stock.
- Cole also indirectly owns 5,877.987 shares through a qualified plan and 105 shares through a spouse.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine disclosure of an insider transaction. The sale itself doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. The sale itself may not be indicative of the company's performance or future prospects.
Stakeholder Impact
- The transaction may have a minor impact on shareholder sentiment, depending on how it's perceived by the market.
Key Dates
| Date | Description |
|---|---|
| December 19, 2018 | Date of Power of Attorney granted to Kathleen S. McKillip |
| November 06, 2024 | Date of stock sale transaction |
| November 07, 2024 | Date of signature for the Form 4 filing |
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