Form 4: Chemung Financial Corp Executive Acquires Shares Through Dividend Reinvestment

Loren D. Cole, EVP & CIO of Chemung Financial Corp, acquired 1,454 shares of common stock through a dividend reinvestment plan on February 18, 2025.

Summary

• On February 18, 2025, Loren D. Cole, the EVP & CIO of Chemung Financial Corp, acquired 1,454 shares of common stock.
• The acquisition was made through the Issuer's Dividend Reinvestment Plan at a price of $51.61 per share.
• Following the transaction, Cole directly owns 5,742 shares of common stock.
• Cole also indirectly owns 5,877.987 shares through a qualified plan and 105 shares through a spouse.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction (dividend reinvestment) by a company executive. It doesn't indicate any significant positive or negative outlook.

Positives

• The acquisition of shares through the dividend reinvestment plan demonstrates the executive's continued investment in the company.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine acquisition of shares through a dividend reinvestment plan.

Key Dates

Keywords

Chemung Financial Corp, Loren D. Cole, EVP & CIO, Form 4, Dividend Reinvestment Plan, Share Acquisition, Beneficial Ownership, CHMG