Form 4: Chemung Financial Corp Executive Sells Shares in Recent Transaction

Dale M. McKim III, EVP, CFO & Treasurer of Chemung Financial Corp, disposed of 95 shares of common stock on December 19, 2024.

Summary

• Dale M. McKim III, an executive at Chemung Financial Corp, sold 95 shares of the company's common stock.
• The transaction occurred on December 19, 2024.
• The sale price was $49.7 per share.
• Following the transaction, Mr. McKim directly owns 3,651 shares of Chemung Financial Corp.

Sentiment

Score: 5

Explanation: The document is a neutral disclosure of a stock sale by an executive, with no indication of positive or negative sentiment.

Industry Context

This is a routine disclosure of an insider transaction, which is common for publicly traded companies. It does not indicate any specific trend in the financial industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this transaction is consistent with typical insider trading disclosures.
• The sale of 95 shares by an executive is a relatively small transaction and does not appear to be unusual compared to similar filings from other financial institutions.

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, stock sale, insider transaction, executive, CHMG, Form 4, Dale M. McKim III