Chemung Financial (CHMG) EVP covers tax liability with 98 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chemung Financial Corp executive Vincent M. Cutrona reported a small tax-related share disposition. On this Form 4, he had 98 shares of common stock withheld at a price of $74.40 per share to cover a tax liability. After this non-market, tax-withholding disposition, he directly holds 3,509 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cutrona Vincent M
Role
EVP & President-Canal Bank Div
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | COMMON STOCK | 98 | $74.40 | $7K |
Holdings After Transaction:
COMMON STOCK — 3,509 shares (Direct, null)
Footnotes (1)
Key Figures
Tax-withheld shares: 98 shares
Price per share: $74.40 per share
Shares held after transaction: 3,509 shares
3 metrics
Tax-withheld shares
98 shares
Non-derivative common stock used for tax withholding
Price per share
$74.40 per share
Value used for tax-withholding disposition
Shares held after transaction
3,509 shares
Direct ownership following tax-withholding disposition
Key Terms
tax-withholding disposition, Payment of exercise price or tax liability by delivering securities, COMMON STOCK, Form 4
4 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description: "Payment of exercise price or tax liability by delivering securities""
COMMON STOCK financial
"security_title: "COMMON STOCK""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did CHMG executive Vincent Cutrona report?
Vincent M. Cutrona reported a tax-withholding disposition of 98 shares of Chemung Financial common stock. The shares were delivered to cover a tax liability, not sold in the open market, and he continues to hold 3,509 shares directly.
What does transaction code “F” mean in the CHMG Form 4 filing?
In this CHMG Form 4, code “F” indicates payment of an exercise price or tax liability by delivering securities. It signifies a tax-withholding disposition, not a typical buy or sell order, and is common when equity awards or options are settled.