Form 4: Chemung Financial Corp Executive Vice President Sells Shares

Peter K. Cosgrove, Executive Vice President & CCO of Chemung Financial Corp, disposed of 124 shares of common stock on December 13, 2024.

Summary

• Peter K. Cosgrove, an Executive Vice President and CCO at Chemung Financial Corp, sold 124 shares of common stock.
• The transaction occurred on December 13, 2024.
• The shares were sold at a price of $54.16 per share.
• Following the transaction, Mr. Cosgrove directly owns 5,330 shares of Chemung Financial Corp.

Sentiment

Score: 5

Explanation: The document is a neutral disclosure of an insider transaction, with no inherent positive or negative sentiment.

Industry Context

This is a routine disclosure of an insider transaction, which is common in the financial industry. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The transaction is similar to other executive stock sales in terms of reporting requirements and disclosure.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive trading activity.

Key Dates

Keywords

Chemung Financial Corp, insider trading, stock sale, executive transaction, CHMG, Form 4