Form 4: Tompkins Financial Corp Director Acquires Shares in Lieu of Cash Retainer
SEC Form 4
Director Thomas R. Rochon acquired 478 shares of Tompkins Financial Corp (TMP) common stock in lieu of cash retainer fees on April 4, 2024.
Summary
- On April 4, 2024, Thomas R. Rochon, a director of Tompkins Financial Corp (TMP), acquired 478 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.
- The price per share was $47.45.
- Following the transaction, Rochon directly owns 9,321.891 shares of common stock.
- Rochon also indirectly owns 7.694 shares and 7.585 shares through NY UGMA accounts for his son.
Sentiment
Score: 6
Explanation: Neutral sentiment. The document simply reports a transaction. The director taking shares instead of cash is a mildly positive signal.
Positives
- The director's decision to take shares instead of cash may signal confidence in the company's future performance.
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 transaction has a minor positive impact on shareholder confidence due to the director's increased stake in the company.
Key Dates
| Date | Description |
|---|---|
| 04/04/2024 | Date of transaction: Thomas R. Rochon acquired 478 shares of common stock. |
| 04/05/2024 | Date of signature: Thomas R. Rochon signed the Form 4. |
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.