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 transaction involving the disposal of 110 shares of common stock at $49.70 per share.

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 the company's stock.
• The transaction involved the disposal of 110 shares of common stock at a price of $49.70 per share.
• Following the transaction, Mr. Cole directly owns 4,397 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 regulatory filing and does not indicate any positive or negative sentiment.

Industry Context

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

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are required by the SEC.
• The transaction is relatively small in volume compared to typical insider transactions at larger financial institutions.
• The price of $49.70 per share is within the expected range for Chemung Financial Corp stock.

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, Executive Vice President, Chief Information Officer, Chemung Financial Corp, CHMG, Insider Trading