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 the disposal of 76 shares of common stock at $51.10 per share on December 18, 2024.

Summary

• Loren D Cole, an Executive Vice President and Chief Information Officer at Chemung Financial Corp, filed a Form 4 indicating a change in beneficial ownership of company stock.
• On December 18, 2024, Mr. Cole disposed of 76 shares of common stock at a price of $51.10 per share.
• Following the transaction, Mr. Cole directly owns 4,507 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 neutral regulatory filing, not indicative of positive or negative sentiment. It simply reports a transaction.

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, as mandated by the SEC.
• The transaction is relatively small in volume and is not unusual for executive stock transactions.
• Similar filings are made by executives at comparable financial institutions such as Community Bank System Inc. and Tompkins Financial Corp.

Stakeholder Impact

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

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transaction, Chemung Financial Corp, Executive Vice President, CIO, Loren D Cole, CHMG