Form 4: Tompkins Financial Corp Executive Exercises Stock Appreciation Rights
SEC Form 4 Filing
Diane D. Torcello, EVP & President of Tompkins Financial Corp, reports exercising stock appreciation rights and a disposition of shares to cover costs and taxes.
Summary
- On November 4, 2024, Diane D. Torcello, EVP & President, Tompkins WNY, exercised 1,010 Stock Appreciation Rights (SARs) at a price of $49.22.
- This transaction resulted in the acquisition of 1,010 shares of common stock.
- Torcello also disposed of 895 shares of common stock at $64.83 to satisfy option costs and taxes.
- Following these transactions, Torcello directly owns 5,508.354 shares of common stock and indirectly owns 1,689.3169 shares through an ESOP.
Sentiment
Score: 5
Explanation: The document is a neutral report of insider transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into executive compensation and ownership.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 11/04/2024 | Date of SAR exercise and stock disposition |
| 11/21/2024 | SARs exercisable date |
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