Form 4: Chemung Financial Corp Executive Vice President Thomas W. Wirth Reports Stock Sale
SEC Form 4 Filing
Executive Vice President Thomas W. Wirth of Chemung Financial Corp reported selling 764.393 shares of common stock at $44.4 on August 6, 2024.
Summary
- On August 6, 2024, Thomas W. Wirth, an Executive Vice President at Chemung Financial Corp, sold 764.393 shares of common stock at a price of $44.4 per share.
- Following the transaction, Wirth directly owns 3,926 shares of Chemung Financial Corp common stock.
- Wirth also indirectly owns 18,307.024 shares through a qualified plan, which includes dividends issued periodically under the Issuer's Dividend Reinvestment Plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by an executive, which is neutral in sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity, which is common for executives of publicly traded companies. It provides transparency to investors regarding the buying and selling of company stock by its leadership.
Stakeholder Impact
- The stock sale by an executive may have a minor impact on shareholder sentiment, but is unlikely to have a significant impact on other stakeholders.
Key Dates
| Date | Description |
|---|---|
| April 17, 2019 | Date of Power of Attorney granted to Kathleen S. McKillip. |
| 08/06/2024 | Date of the stock sale transaction. |
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