Form 4: Tompkins Financial Corp Director Jennifer R. Tegan Reports Acquisition of Phantom Stock

Director Jennifer R. Tegan reports acquisition of phantom stock in Tompkins Financial Corp through deferred stock compensation.

Summary

• On October 2, 2024, Jennifer R. Tegan, a director of Tompkins Financial Corp, acquired phantom stock representing deferred stock compensation.
• The transactions involved the acquisition of 158.823 and 142.35 shares of phantom stock at a price of $59.1853 per share.
• Following these transactions, Tegan directly owns 7,086.71 and 7,229.06 shares of common stock, respectively, through phantom stock holdings.
• The phantom stock is held in a rabbi trust and represents deferred stock compensation under the Amended and Restated Retainer Plan for Eligible Directors.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard insider transactions related to director compensation, indicating alignment with company performance.

Positives

• The acquisition of phantom stock indicates continued alignment of director interests with shareholder value through deferred compensation.

Industry Context

Form 4 filings are standard practice for reporting insider transactions and are common across publicly traded companies.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation.

Key Dates