Form 4: Chemung Financial EVP Sells Shares for Tax Obligations
Insider Transaction Report
Chemung Financial Executive Vice President Kimberly A. Hazelton disposed of common stock shares to cover tax liabilities on December 15 and 16, 2025.
Summary
- Kimberly A. Hazelton, Executive Vice President of Chemung Financial Corp (CHMG), reported two transactions involving the disposition of common stock.
- On December 15, 2025, 106 shares of common stock were disposed of at a price of $59.30 per share.
- On December 16, 2025, an additional 64 shares of common stock were disposed of at a price of $59.57 per share.
- Both dispositions were marked with transaction code 'F', indicating they were for the payment of tax liability by delivering or withholding securities.
- These transactions were made pursuant to a Rule 10b5-1(c) plan.
- Following these reported transactions, Kimberly A. Hazelton directly beneficially owns 7,406 shares of Chemung Financial Corp common stock.
Sentiment
Score: 5
Explanation: The filing reports routine, non-discretionary insider transactions (tax-related dispositions) and does not indicate any significant 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 Form 4 filing reports routine insider transactions related to executive compensation and tax obligations, which is a common occurrence across all industries for publicly traded companies. It does not provide specific insights into broader industry trends or competitive positioning.
Stakeholder Impact
- Shareholders: The impact on shareholders is minimal as these are routine, non-discretionary tax-related sales by an executive, representing a small fraction of the company's outstanding shares and not indicative of a change in management's confidence.
- Employees, Customers, Suppliers, Creditors: There is no direct or material impact on these stakeholders from this routine insider transaction filing.
Key Dates
| Date | Description |
|---|---|
| 07/16/2025 | Date of Power of Attorney for Kathleen E. Cook, Attorney-in-Fact. |
| 12/15/2025 | Transaction date for the disposition of 106 shares of common stock. |
| 12/16/2025 | Transaction date for the disposition of 64 shares of common stock. |
| 12/17/2025 | Signature date of the reporting person on the Form 4 filing. |
Keywords
CHMG, Chemung Financial, Form 4, Insider Transaction, Stock Sale, Executive Compensation, Tax Withholding, Rule 10b5-1
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