Form 4: Tompkins Financial Corp: Executive David Kershaw Reports Stock Transactions

David Kershaw, SVP, PAO of Tompkins Financial Corp, reports acquisition and disposal of common stock and stock appreciation rights on October 28, 2024.

Summary

• On October 28, 2024, David Kershaw, SVP, PAO of Tompkins Financial Corp, reported transactions involving the company's stock.
• Kershaw acquired 1,255 shares of common stock at a price of $49.22.
• He also disposed of 1,103 shares to cover option costs and taxes at a price of $60.75.
• Additionally, Kershaw exercised 1,255 Stock Appreciation Rights (SARs) which were settled in common stock.
• Following these transactions, Kershaw directly owns 3,920.559 shares of common stock.
• He also indirectly owns 1,276.775 shares through a 401(k) and 2,527.3923 shares through an ESOP.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the actions of company executives. It's typical for executives to receive stock options or grants as part of their compensation and to exercise or sell them periodically.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly increasing the number of outstanding shares.
• The exercise of SARs and subsequent sale of shares could create downward pressure on the stock price, but the effect is likely minimal given the relatively small number of shares involved.

Key Dates