Form 4: Chemung Financial Corp Executive Daniel D. Fariello Acquires Additional Shares
SEC Form 4
Daniel D. Fariello, President of Capital Bank Division at Chemung Financial Corp, purchased 151 shares of common stock at $43.28 per share on June 4, 2024.
Summary
- On June 4, 2024, Daniel D. Fariello, President of Capital Bank Division at Chemung Financial Corp, acquired 151 shares of common stock at a price of $43.28 per share.
- Following this transaction, Fariello directly owns 7,569 shares and indirectly owns 1,704.946 shares through a qualified plan, which includes dividends issued periodically under the Issuer's Dividend Reinvestment Plan.
Sentiment
Score: 6
Explanation: Neutral sentiment as it is a routine disclosure of stock purchase by an executive. The purchase itself can be seen as a slightly positive signal.
Positives
- Executive's purchase of company stock may signal confidence in the company's future performance.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders (officers, directors, or those holding more than 10% of a company's shares) buy or sell their company's stock. These filings are closely watched by investors for signals about a company's prospects.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 12/30/2017 | Date of Power of Attorney granted to Kathleen S. McKillip. |
| 06/04/2024 | Date of the transaction: purchase of 151 shares of common stock. |
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