Form 4: Chemung Financial Corp Executive Vice President Sells Shares
SEC Form 4 Filing
Peter K. Cosgrove, Executive Vice President and CCO of Chemung Financial Corp, disposed of 28 shares of common stock on December 18, 2024.
Summary
- Peter K. Cosgrove, an Executive Vice President and Chief Compliance Officer at Chemung Financial Corp, sold 28 shares of the company's common stock.
- The transaction occurred on December 18, 2024.
- The shares were sold at a price of $51.1 each.
- Following the transaction, Mr. Cosgrove directly owns 5,235 shares of Chemung Financial Corp.
Sentiment
Score: 5
Explanation: The document is a neutral report of an insider transaction. It does not indicate any positive or negative sentiment.
Industry Context
This is a routine filing related to insider trading activity. It is common for executives to buy and sell shares of their company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for reporting insider transactions in publicly traded companies.
- The transaction is small in scale and does not indicate any significant trend or concern.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders due to the small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 12/18/2024 | Date of the stock sale transaction. |
| 12/19/2024 | Date of the signature on the form. |
Keywords
Chemung Financial Corp, stock sale, insider trading, executive transaction, CHMG, Peter K. Cosgrove
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