Form 4: Chemung Financial Corp Executive Vice President Thomas Wirth Reports Stock Transaction

Executive Vice President of Chemung Financial Corp, Thomas Wirth, reports the disposal of 106 shares of common stock at $54.16 per share on December 13, 2024.

Summary

• Thomas Wirth, an Executive Vice President at Chemung Financial Corp, filed a Form 4 indicating a change in beneficial ownership of the company's stock.
• On December 13, 2024, Mr. Wirth disposed of 106 shares of common stock at a price of $54.16 per share.
• Following this transaction, Mr. Wirth directly owns 3,820 shares of common stock.
• He also indirectly owns 18,511.632 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 routine regulatory filing of a stock transaction by an executive, which is neither positive nor negative in itself.

Industry Context

This is a routine filing related to insider trading activity, which is common for publicly traded companies. It provides transparency into the transactions of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency of insider transactions.
• The transaction is relatively small in volume, suggesting it is not a major event compared to large institutional trades or significant insider sales.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders due to the small volume of shares involved.

Key Dates

Keywords

Chemung Financial Corp, stock transaction, Form 4, beneficial ownership, executive vice president, Thomas Wirth, dividend reinvestment plan