Form 4: Chemung Financial EVP Sells Shares for Tax Purposes
Insider Transaction Report
Kimberly A. Hazelton, Executive Vice President of Chemung Financial Corp, reported the disposition of 196 shares of common stock for tax withholding.
Summary
- Kimberly A. Hazelton, Executive Vice President of Chemung Financial Corp (CHMG), reported transactions involving the company's common stock.
- On December 19, 2025, Hazelton disposed of 95 shares of common stock at a price of $57.81 per share.
- On the same date, an additional 101 shares of common stock were disposed of at $57.81 per share.
- These dispositions, totaling 196 shares, were coded as "F," indicating they were made to satisfy tax withholding obligations.
- Following these transactions, Hazelton beneficially owns 7,210 shares of Chemung Financial Corp common stock directly.
- The transactions were made pursuant to a Rule 10b5-1 plan, indicating they were pre-scheduled.
Sentiment
Score: 5
Explanation: The filing reports a routine, pre-planned disposition of shares by an executive for tax withholding purposes, which is a neutral event and does not indicate a change in company fundamentals or executive sentiment towards the company.
Future Outlook
N/A
Industry Context
This is a routine insider transaction disclosure for a financial institution executive. Such transactions, especially those for tax withholding and executed under a Rule 10b5-1 plan, are common across all industries and typically do not reflect specific industry trends or operational changes.
Related Party Transactions
- The reported transactions involve an executive of Chemung Financial Corp disposing of company stock, which is a related party transaction by definition of insider trading rules.
Stakeholder Impact
- Minimal impact on shareholders, as the transaction is a routine, pre-planned disposition for tax purposes and not indicative of a change in executive confidence.
- No direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 07/16/2025 | Date of Power of Attorney granted to Kathleen E. Cook. |
| 12/19/2025 | Date of reported stock transactions (disposition of common stock). |
| 12/22/2025 | Date the Form 4 was signed and filed. |
Keywords
Chemung Financial Corp, CHMG, Insider Trading, Form 4, Executive Stock Sale, Kimberly A. Hazelton, Rule 10b5-1
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