Form 4: Chemung Financial EVP & CIO Reports Stock Dispositions

Chemung Financial EVP & CIO Loren D. Cole reported the disposition of common stock shares to cover tax obligations under a 10b5-1 plan.

Summary

• Loren D. Cole, Executive Vice President and Chief Information Officer (EVP & CIO) and Director of Chemung Financial Corp, reported transactions involving the company's common stock.
• On December 15, 2025, 115 shares of common stock were disposed of at a price of $59.3 per share.
• On December 16, 2025, an additional 73 shares of common stock were disposed of at a price of $59.57 per share.
• These transactions were made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• Following these reported transactions, Cole directly beneficially owns 5,554 shares of common stock.
• Cole also indirectly beneficially owns 105 shares through a spouse and 9,426.075 shares through a qualified plan, which includes dividends issued periodically under the Issuer's Dividend Reinvestment Plan.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of insider stock transactions, specifically dispositions likely for tax purposes under a 10b5-1 plan, and does not inherently convey positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Industry Context

This is a routine insider transaction filing (Form 4) for a financial institution executive, common across all industries for reporting changes in beneficial ownership of company securities.

Stakeholder Impact

• Shareholders: Provides transparency regarding executive stock ownership changes, which is a standard regulatory disclosure.

Key Dates

Keywords

Chemung Financial Corp, CHMG, insider transaction, Form 4, beneficial ownership, stock disposition, executive compensation, Rule 10b5-1, Loren D. Cole