Form 4: Tompkins Financial Director Acquires Additional Phantom Stock as Deferred Compensation

Janet M. Coletti, a Director at Tompkins Financial Corp, has acquired 82.26 shares of phantom stock as part of a deferred compensation plan, increasing her beneficial ownership to 528.444 shares.

Summary

• Janet M. Coletti, a Director of Tompkins Financial Corp (TMP), acquired 82.26 shares of phantom stock on July 2, 2025.
• Each share of phantom stock is the economic equivalent of one share of common stock.
• The acquisition was part of deferred stock compensation under the Amended and Restated Retainer Plan for Eligible Directors.
• The phantom stock is held in a rabbi trust, with distribution pending certain events specified in the Plan.
• The reporting person, Janet M. Coletti, has no voting or investment power over these shares prior to their distribution.
• Following this transaction, Janet M. Coletti beneficially owns 528.444 shares of phantom stock directly.
• The price of the phantom stock at the time of acquisition was $65.6456 per share.

Sentiment

Score: 6

Explanation: Slightly positive, as it indicates a director's continued accumulation of company-linked compensation, aligning interests with shareholders, and is a routine compensation event.

Positives

• The acquisition of phantom stock by a director aligns their interests with those of shareholders, as the value of phantom stock is tied to the company's common stock performance.
• The transaction represents deferred compensation, indicating a structured approach to executive remuneration and retention.

Future Outlook

NA

Industry Context

This transaction is a routine insider filing related to director compensation within the financial services industry. Deferred stock compensation plans are common mechanisms used by companies to align director incentives with long-term shareholder value.

Related Party Transactions

• The acquisition of phantom stock by Janet M. Coletti, a Director of Tompkins Financial Corp, constitutes a related party transaction as it involves compensation from the company to an insider.

Stakeholder Impact

• Shareholders: The acquisition of phantom stock by a director aligns their financial interests with those of shareholders, potentially encouraging decisions that enhance long-term stock value.
• Employees: No direct impact on general employees is indicated by this filing.
• Customers: No direct impact on customers is indicated by this filing.
• Suppliers: No direct impact on suppliers is indicated by this filing.
• Creditors: No direct impact on creditors is indicated by this filing.

Key Dates

Keywords

Tompkins Financial Corp, TMP, SEC Form 4, Insider Transaction, Phantom Stock, Deferred Compensation, Director Compensation, Beneficial Ownership, Financial Services