Form 4: Tompkins Financial Executive Reports Stock Transaction
Insider Transaction Report
Tompkins Financial Corp. EVP Johanna B. Anderson reported a disposition of common stock to cover taxes on restricted stock vesting.
Summary
- Johanna B. Anderson, EVP and President TCB CNY of Tompkins Financial Corp. (TMP), reported a transaction on November 9, 2025.
- The transaction involved a deemed disposition of 105 shares of common stock at a price of $66.68 per share.
- This disposition was made to the issuer to pay for taxes upon the vesting of restricted stock.
- Following the transaction, Ms. Anderson directly beneficially owns 1,970.556 shares of common stock.
- Additionally, 40.981 shares of common stock are indirectly owned via an ESOP (401k/esop).
- Ms. Anderson also holds 1,389.416 shares of phantom stock, which are the economic equivalent of common stock and represent deferred compensation under a retainer plan, held in a rabbi trust.
Sentiment
Score: 6
Explanation: The filing is neutral to slightly positive. It reports a routine, non-discretionary transaction related to executive compensation (vesting of restricted stock), which is generally a positive sign of compensation realization. The disposition for taxes is a standard practice and not indicative of a negative outlook.
Positives
- The vesting of restricted stock indicates a component of executive compensation being realized, aligning management interests with shareholder value over time.
Negatives
- A disposition of shares, even for tax purposes, reduces the direct equity holding of the executive, though this is a standard practice for restricted stock vesting.
Future Outlook
The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
This Form 4 filing is a routine disclosure of an insider transaction, specifically a tax-related disposition of shares upon restricted stock vesting. It does not provide broader insights into industry trends or competitive positioning, but reflects standard executive compensation practices within the financial services sector.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Compensation Plan Reference | The filing references the 'Amended and Restated Retainer Plan for Eligible Directors of Tompkins Financial Corporation and its Wholly-Owned Subsidiaries' under which phantom stock is held as deferred stock compensation. | NA | This indicates the existence of a structured deferred compensation plan for eligible directors, aligning their long-term interests with the company's performance, though no changes to the plan itself are reported. |
Related Party Transactions
- A deemed disposition of 105 shares of common stock to the issuer to pay for taxes upon the vesting of restricted stock can be considered a related party transaction, as it involves the executive and the company.
Stakeholder Impact
- Shareholders: The transaction is a routine insider filing and does not directly impact the company's operational performance or financial health. It reflects standard executive compensation practices.
- Employees: No direct impact on employees is indicated by this filing.
- Management: The transaction represents the realization of a portion of executive compensation for Johanna B. Anderson.
Key Dates
| Date | Description |
|---|---|
| 11/09/2025 | Date of the reported transaction (deemed disposition of common stock). |
| 11/10/2025 | Date the Form 4 was signed by Johanna B. Anderson. |
Keywords
Tompkins Financial Corp, TMP, Johanna B. Anderson, SEC Form 4, Insider Transaction, Common Stock, Restricted Stock, Phantom Stock, Executive Compensation
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