Form 4: Chemung Financial Corp Executive Reports Stock Transaction

Jeffrey P. Kenefick, a Regional President at Chemung Financial Corp, reported a transaction involving the disposal of 106 shares of common stock.

Summary

• Jeffrey P. Kenefick, a Regional President at Chemung Financial Corp, filed a Form 4 indicating a change in beneficial ownership.
• The transaction involved the disposal of 106 shares of common stock at a price of $54.16 per share on December 13, 2024.
• Following the transaction, Mr. Kenefick directly owns 8,774.061 shares and indirectly owns 2,440.623 shares through a qualified plan.
• The reported transaction 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.

Industry Context

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

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 compared to typical institutional trading activity.

Stakeholder Impact

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

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transaction, Chemung Financial Corp, CHMG, Insider Trading, Dividend Reinvestment Plan