Form 4: Tompkins Financial Corp Executive David S. Boyce Reports Stock Transactions

David S. Boyce, EVP, Pres. & CEO of Tompkins Insurance, reported acquiring and disposing of company stock on November 12, 2024.

Summary

• David S. Boyce, an executive at Tompkins Financial Corporation, reported transactions involving the company's common stock.
• On November 12, 2024, Boyce acquired 1,205 shares of common stock at a price of $74.62 per share.
• On the same day, Boyce disposed of 154 shares at $74.62 per share to cover taxes related to vesting of restricted stock.
• Following these transactions, Boyce directly owns 24,849 shares of common stock.
• Boyce also indirectly owns 940.0772 shares through a 401(k)/ISOP and 3,585.6135 shares through an ESOP.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing of stock transactions by an executive, which is neither positive nor negative in itself.

Industry Context

This is a routine filing related to executive stock transactions, which is common in publicly traded companies. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The vesting schedule of the restricted stock is typical for equity incentive plans, with a gradual vesting over several years.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive stock ownership.
• The stock transactions are unlikely to have a significant impact on other stakeholders.

Key Dates

Keywords

Tompkins Financial Corp, David S. Boyce, stock transaction, insider trading, restricted stock, equity incentive plan, Form 4, common stock