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 the disposal of 64 shares of common stock at $51.10 per share.

Summary

• Daniel D. Fariello, President of Capital Bank Division at Chemung Financial Corp, reported a transaction involving the company's common stock.
• On December 18, 2024, Mr. Fariello disposed of 64 shares of common stock at a price of $51.10 per share.
• Following this transaction, Mr. Fariello directly owns 7,315 shares of common stock.
• Additionally, Mr. Fariello 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 of an insider transaction, which is neither positive nor negative in itself.

Industry Context

This is a routine filing related to insider trading activity and 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 and does not indicate any significant trend or concern.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders as it is a small sale by an executive.

Key Dates

Keywords

Chemung Financial Corp, CHMG, stock transaction, insider trading, Form 4, Daniel D. Fariello, Capital Bank Division, dividend reinvestment plan