Form 4: Chemung Financial Corp Executive Vice President & CIO, Loren D Cole, Reports Stock Transaction

Loren D Cole, Executive Vice President & CIO of Chemung Financial Corp, reported a disposition of 73 shares of common stock on December 16, 2024.

Summary

• Loren D Cole, an Executive Vice President and Chief Information Officer at Chemung Financial Corp, filed a Form 4 with the SEC.
• The filing reports a transaction on December 16, 2024, where 73 shares of Chemung Financial Corp common stock were disposed of at a price of $54.09 per share.
• Following the transaction, Mr. Cole directly owns 4,583 shares of common stock.
• He also indirectly owns 5,877.987 shares through a qualified plan and 105 shares through his spouse.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing of an insider transaction, which is neither positive nor negative in itself. It is a neutral event.

Industry Context

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

Comparison to Industry Standards

• Form 4 filings are standard practice for all publicly traded companies in the US.
• The transaction is relatively small in volume and is not unusual for an executive's personal portfolio management.
• The price of $54.09 is within the normal trading range for the stock.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors due to the small volume of shares involved.

Key Dates

Keywords

Form 4, SEC, Chemung Financial Corp, Stock Transaction, Insider Trading, Beneficial Ownership, CHMG, Loren D Cole