Form 4: Chemung Financial Corp Executive Vice President Sells Shares

Peter K. Cosgrove, Executive Vice President and CCO of Chemung Financial Corp, disposed of 67 shares of common stock on December 16, 2024.

Summary

• Peter K. Cosgrove, an Executive Vice President and CCO at Chemung Financial Corp, sold 67 shares of the company's common stock.
• The transaction occurred on December 16, 2024.
• The shares were sold at a price of $54.09 per share.
• Following the transaction, Mr. Cosgrove directly owns 5,263 shares of Chemung Financial Corp.

Sentiment

Score: 5

Explanation: The document is a neutral disclosure of an insider transaction. It doesn't indicate positive or negative sentiment about the company's performance.

Industry Context

This is a routine disclosure of an insider transaction, which 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 publicly traded companies in the US, ensuring transparency of insider transactions.
• The sale of 67 shares by an executive is a relatively small transaction and is not unusual.

Stakeholder Impact

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

Key Dates

Keywords

Chemung Financial Corp, insider trading, stock sale, executive transaction, CHMG, Peter K. Cosgrove