Form 4: Tompkins Financial Corp Executive Reports Stock Transactions

David Kershaw, SVP at Tompkins Financial Corp, reports acquisition and disposition of company stock related to vesting of restricted stock.

Summary

• David Kershaw, a Senior Vice President at Tompkins Financial Corp, reported a transaction involving the company's common stock.
• On November 12, 2024, Mr. Kershaw acquired 495 shares of common stock at a price of $74.62 per share.
• On the same day, 35 shares were disposed of at $74.62 per share to cover taxes related to the vesting of restricted stock.
• Following these transactions, Mr. Kershaw directly owns 4,251.559 shares of common stock.
• He also indirectly owns 1,276.6359 shares through a 401(k) and 2,527.3923 shares through an ESOP.

Sentiment

Score: 7

Explanation: The document reflects routine executive stock transactions, which are neither positive nor negative in themselves. The sentiment is neutral to slightly positive as it indicates the executive is receiving compensation.

Industry Context

This is a routine filing related to executive stock transactions, which is common in publicly traded companies.

Comparison to Industry Standards

• Executive stock transactions are a standard practice in publicly traded companies, and this filing is consistent with regulatory requirements.
• Similar filings are regularly made by executives at comparable financial institutions such as M&T Bank (MTB) and First Citizens BancShares (FCNCA).

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to executive compensation and do not represent a significant change in ownership.

Key Dates

Keywords

Tompkins Financial Corp, stock transaction, insider trading, restricted stock, equity incentive plan, Form 4, David Kershaw