Form 4: Chemung Financial Corp Executive Daniel D. Fariello Reports Stock Transaction

Daniel D. Fariello, President of Capital Bank Division at Chemung Financial Corp, reported a transaction involving the acquisition of 71 shares of common stock.

Summary

• Daniel D. Fariello, President of Capital Bank Division at Chemung Financial Corp, reported a transaction on December 16, 2024.
• The transaction involved the acquisition of 71 shares of common stock at a price of $54.09 per share.
• Following the transaction, Mr. Fariello directly owns 7,379 shares of common stock.
• He also indirectly owns 1,729.646 shares through a qualified plan, which includes dividends issued periodically under the Issuer's Dividend Reinvestment Plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not indicate any positive or negative sentiment. It is a neutral transaction.

Industry Context

This is a routine filing related to insider trading activity, which is common for publicly traded companies. It provides transparency into the transactions of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The transaction is relatively small in volume, suggesting it is not a major market-moving event.
• Similar filings are made by executives at comparable financial institutions such as Community Bank System Inc. and NBT Bancorp Inc.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small purchase by an executive.

Key Dates

Keywords

Chemung Financial Corp, CHMG, Daniel D. Fariello, stock transaction, insider trading, Form 4, equity securities, common stock, dividend reinvestment plan