Form 4: Director Tegan Jennifer R. Reports Changes in Beneficial Ownership of Tompkins Financial Corp (TMP)

Director Tegan Jennifer R. files a Form 4 to report changes in beneficial ownership of Tompkins Financial Corp, including phantom stock holdings.

Summary

• Jennifer R. Tegan, a director of Tompkins Financial Corp (TMP), filed a Form 4 on May 14, 2025, reporting changes in her beneficial ownership.
• The report indicates that Ms. Tegan's term as a director ended on May 13, 2025.
• The filing includes information about phantom stock holdings, where each share of phantom stock is equivalent to one share of common stock.
• These phantom stock shares represent deferred stock compensation under the Amended and Restated Retainer Plan for Eligible Directors.
• The shares are held in a rabbi trust and will be distributed upon specific events as outlined in the Plan.
• Prior to distribution, the reporting person does not have voting or investment power over these shares.
• Ms. Tegan beneficially owns 7,669.738 shares of common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company stock, providing transparency to investors.

Stakeholder Impact

• Shareholders are informed about changes in insider ownership, which can influence investor confidence.

Key Dates

Keywords

Form 4, beneficial ownership, Tompkins Financial Corp, TMP, director, phantom stock, deferred compensation, rabbi trust