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 disposition of 102 shares of common stock and an increase in indirect holdings through a qualified plan.

Summary

• Daniel D. Fariello, President of Capital Bank Division at Chemung Financial Corp, filed a Form 4 indicating a change in his beneficial ownership of the company's stock.
• On December 19, 2024, Mr. Fariello disposed of 102 shares of common stock at a price of $49.7 per share.
• Following the transaction, Mr. Fariello directly owns 7,213 shares of common stock.
• Mr. Fariello also has indirect ownership of 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 neutral regulatory filing detailing a routine stock transaction by an executive. It does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to insider trading activity and is common for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The transaction is relatively small in volume and is not unusual for an executive's personal portfolio management.

Stakeholder Impact

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

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transaction, Chemung Financial Corp, CHMG, Daniel D. Fariello, Capital Bank Division, Dividend Reinvestment Plan