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

Director Alfred J. Weber acquired 284 shares of Tompkins Financial Corp (TMP) common stock at $47.45 per share in lieu of cash retainer fees.

Summary

• On April 4, 2024, Alfred J. Weber, a director of Tompkins Financial Corp (TMP), acquired 284 shares of common stock.
• The shares were received in lieu of cash retainer fees at a price of $47.45 per share.
• Following the transaction, Weber directly owns 13,950.973 shares of Tompkins Financial Corp.
• The transaction was reported on April 5, 2024.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine transaction. The director taking shares instead of cash is a mildly positive signal.

Positives

• Director's decision to take shares instead of cash shows confidence in the company.

Industry Context

Directors receiving shares in lieu of cash compensation is a common practice, aligning their interests with shareholders.

Related Party Transactions

• The acquisition of shares in lieu of cash retainer fees is a related party transaction.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders.

Key Dates