Form 4: Tompkins Financial Corp Director Acquires Shares in Lieu of Cash Retainer

Thomas R. Rochon, a director of Tompkins Financial Corp, acquired 417 shares of common stock on October 4, 2024, in lieu of cash retainer fees.

Summary

• On October 4, 2024, Thomas R. Rochon, a director of Tompkins Financial Corp, acquired 417 shares of common stock.
• The acquisition was made in lieu of cash retainer fees, as per the Second Amended and Restated Retainer Plan for Eligible Directors of Tompkins Financial Corporation and its Wholly-Owned Subsidiaries.
• The price per share was $56.09.
• Following the transaction, Rochon directly owns 10,440.687 shares of common stock.
• Rochon also indirectly owns 7.869 shares through NY UGMA for Son and 7.758 shares through NY UGMA for Son 2.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director acquiring shares is generally a good sign, but the amount is relatively small and part of a standard compensation plan.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Directors often receive compensation in the form of company stock, aligning their interests with those of shareholders. This is a common practice in the financial industry.

Stakeholder Impact

• The acquisition of shares by a director could have a slightly positive impact on shareholder sentiment.

Key Dates