Form 4: Tompkins Financial Corp Director Patricia A. Johnson Reports Stock Acquisition Through DRIP

Patricia A. Johnson, a director of Tompkins Financial Corp, acquired 337 shares of common stock through a dividend reinvestment plan (DRIP) at a price of $46.27 per share.

Summary

• On July 5, 2024, Patricia A. Johnson, a director of Tompkins Financial Corp, acquired 337 shares of common stock through a dividend reinvestment plan.
• The price per share was $46.27.
• Following the transaction, Johnson directly owns 3,884.887 shares of Tompkins Financial Corp.
• The shares were acquired in lieu of cash retainer fees pursuant to the Second Amended and Restated Retainer Plan for Eligible Directors of Tompkins Financial Corporation and its Wholly-Owned Subsidiaries.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's participation in the DRIP suggests confidence in the company, but it's a routine transaction.

Positives

• Director's participation in the DRIP indicates confidence in the company's future.

Industry Context

Directors using DRIP programs are common in the financial industry as it allows them to increase their stake in the company without additional cash outlay, aligning their interests with shareholders.

Comparison to Industry Standards

• DRIP participation is a common practice among directors in publicly traded companies, particularly in the financial sector.
• Comparable companies such as Community Bank System, Inc. and NBT Bancorp Inc. also see similar DRIP participation by their directors.

Key Dates