Form 4: Chemung Financial Corp Executive Vice President Kimberly A. Hazelton Reports Stock Transaction

Executive Vice President Kimberly A. Hazelton of Chemung Financial Corp reported the disposal of 101 shares of common stock on December 20, 2024.

Summary

• Kimberly A. Hazelton, an Executive Vice President at Chemung Financial Corp, reported a transaction involving the company's common stock.
• On December 20, 2024, Ms. Hazelton disposed of 101 shares of common stock at a price of $50.05 per share.
• Following this transaction, Ms. Hazelton directly owns 6,316 shares of Chemung Financial Corp common stock.

Sentiment

Score: 5

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

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 United States, as mandated by the Securities and Exchange Commission (SEC).
• These filings are comparable to those of other financial institutions and publicly traded companies, such as M&T Bank (MTB) or Community Bank System (CBU), where executives are required to report their transactions in company stock.
• The transaction is relatively small in volume compared to the overall trading volume of the company's stock, and is not unusual for executive stock transactions.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders, as it is a routine sale of shares by an executive.

Key Dates

Keywords

Chemung Financial Corp, stock transaction, insider trading, executive vice president, common stock, Form 4, CHMG