Form 4: Tompkins Financial Corp Director Acquires Shares Through DRIP
SEC Form 4
Patricia A. Johnson, a director of Tompkins Financial Corp, acquired 328 shares of common stock through a dividend reinvestment plan (DRIP) at a price of $47.75 per share on April 4, 2024.
Summary
- On April 4, 2024, Patricia A. Johnson, a director at Tompkins Financial Corp, acquired 328 shares of common stock.
- The acquisition was made through a Dividend Reinvestment Plan (DRIP).
- The price per share was $47.75.
- Following the transaction, Johnson directly owns 3,505.102 shares of Tompkins Financial Corp.
- The shares were received in lieu of cash retainer fees.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects a routine transaction (DRIP) by a director, indicating confidence but not necessarily a major shift in outlook.
Positives
- The director's participation in the DRIP shows confidence in the company's future.
Industry Context
Directors regularly acquire shares in their own companies, often through DRIPs or option exercises. This is a common practice and is usually seen as a positive sign.
Stakeholder Impact
- The transaction could have a slightly positive impact on shareholders as it signals confidence from a company director.
Key Dates
| Date | Description |
|---|---|
| 04/04/2024 | Date of transaction: Director acquired shares through DRIP. |
| 04/05/2024 | Date of signature on the Form 4 filing. |
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