Form 4: Tompkins Financial Corp: CEO Stephen S. Romaine Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Stephen S. Romaine, President & CEO of Tompkins Financial Corp, reports a disposition of shares to cover taxes upon vesting of restricted stock.
Summary
- On May 21, 2024, Stephen S. Romaine, the President & CEO of Tompkins Financial Corp, reported a transaction involving the disposition of 1,731 shares of common stock.
- The shares were disposed of to the issuer to cover taxes upon the vesting of restricted stock at a price of $48.54 per share.
- Following the transaction, Romaine directly owns 65,061.697 shares of Tompkins Financial Corp.
- Romaine also indirectly owns 10,509.3197 shares through a 401(k)/ISOP and 5,556.2133 shares through an ESOP.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation and does not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard transaction related to tax obligations upon vesting of restricted stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/21/2024 | Date of transaction: Disposition of shares to cover taxes upon vesting of restricted stock. |
| 05/22/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.