Form 4: Tompkins Financial Corp Executive Acquires Shares Through Stock Grant

Johanna B. Anderson, EVP and President of TCB CNY at Tompkins Financial Corp, acquired 805 shares of common stock through a restricted stock grant.

Summary

• Johanna B. Anderson, an executive at Tompkins Financial Corp, acquired 805 shares of common stock on November 12, 2024.
• The shares were acquired through a restricted stock grant under the company's 2019 Equity Incentive Plan.
• The price of the stock at the time of the transaction was $74.62 per share.
• The restricted stock grant has a five-year vesting schedule, with no vesting in the first year and 25% vesting in each of the subsequent four years.
• The grant will expire ten years from the date of the grant.

Sentiment

Score: 7

Explanation: The document reflects a routine executive stock grant, which is generally positive for aligning interests but not a major market-moving event.

Positives

• The stock grant aligns the executive's interests with the company's long-term performance.
• The vesting schedule encourages long-term commitment from the executive.

Industry Context

This type of stock grant is a common practice in the financial industry to incentivize and retain key executives.

Comparison to Industry Standards

• Restricted stock grants with multi-year vesting schedules are a standard form of executive compensation in the financial services industry.
• Many financial institutions use similar equity incentive plans to align executive interests with shareholder value creation.
• The five-year vesting schedule is typical, with some companies using shorter or longer vesting periods depending on their specific goals.

Stakeholder Impact

• The stock grant may have a minor positive impact on shareholder sentiment by aligning executive interests with company performance.

Key Dates

Keywords

Tompkins Financial Corp, stock grant, restricted stock, executive compensation, insider trading, equity incentive plan, vesting schedule