Form 4: Tompkins Financial SVP Sells Shares for Tax

Tompkins Financial Corp's SVP, PAO David Kershaw, disposed of 193 shares of common stock to cover tax obligations related to restricted stock vesting.

Summary

• David Kershaw, Senior Vice President and Principal Accounting Officer (SVP, PAO) of Tompkins Financial Corp (TMP), reported a disposition of common stock.
• The transactions occurred on November 9, 2025, and involved the deemed disposition of shares to the issuer to pay for taxes upon the vesting of restricted stock.
• A total of 193 shares of common stock were disposed of across four separate transactions (50, 38, 41, and 64 shares).
• Each share was disposed of at a price of $66.68.
• Following these transactions, David Kershaw directly beneficially owns 4,193.251 shares of common stock.
• Additionally, indirect beneficial ownership includes 1,322.5023 shares through a 401(k) plan and 2,692.8968 shares through an ESOP.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax withholding purposes, which is neutral in sentiment and does not indicate any positive or negative operational or financial developments for the company.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

The disposition of shares to cover tax obligations upon the vesting of restricted stock is a routine and common practice for executives receiving equity compensation across various industries.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes and involves a relatively small number of shares.

Key Dates

Keywords

Tompkins Financial, TMP, Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Restricted Stock Vesting, Executive Compensation