Form 4: Chemung Financial Corp Executive Vice President Sells Shares
SEC Form 4 Filing
An executive vice president at Chemung Financial Corp sold 106 shares of common stock on December 19, 2024.
Summary
- Peter K. Cosgrove, an Executive Vice President and CCO of Chemung Financial Corp, sold 106 shares of common stock.
- The transaction occurred on December 19, 2024.
- The shares were sold at a price of $49.7 per share.
- Following the transaction, Mr. Cosgrove directly owns 5,129 shares of Chemung Financial Corp.
Sentiment
Score: 5
Explanation: The document is a neutral report of an insider transaction, with no positive or negative implications for the company's performance.
Industry Context
This is a routine filing related to insider trading activity and is common for publicly traded companies. It does not indicate any specific trend in the financial industry.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, and this transaction is consistent with typical insider trading activity.
- There are no specific comparible companies or projects mentioned in the document.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it represents a small sale of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| 12/19/2024 | Date of the stock sale transaction. |
| 12/20/2024 | Date of the signature on the form. |
Keywords
Chemung Financial Corp, stock sale, executive transaction, insider trading, CHMG, Form 4, Peter K. Cosgrove
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