Chemung Financial (CHMG) EVP reports tax-withholding stock disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chemung Financial Corp Executive Vice President Kimberly A. Hazelton reported a Form 4 transaction involving company common stock. On February 27, she disposed of 104 shares at $55.52 per share as a tax-withholding disposition, and now directly holds 8,162 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HAZELTON KIMBERLY A
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | COMMON STOCK | 104 | $55.52 | $6K |
Holdings After Transaction:
COMMON STOCK — 8,162 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did CHMG executive Kimberly A. Hazelton report?
Kimberly A. Hazelton reported a disposition of CHMG common stock tied to tax withholding. The Form 4 shows a transaction coded "F," meaning shares were delivered to cover tax liabilities rather than sold in an open-market trade.
What does transaction code "F" mean in the CHMG Form 4 filing?
Transaction code "F" indicates payment of an exercise price or tax liability by delivering securities. In this CHMG filing, it means Hazelton’s 104-share disposition was used to satisfy tax obligations tied to equity compensation, rather than being a discretionary open-market sale.
Is Kimberly A. Hazelton’s CHMG ownership direct or indirect after this Form 4?
Hazelton’s CHMG ownership reported in this Form 4 is direct. The filing lists the ownership type as "direct" and the ownership code as "D," showing that the 8,162 shares following the transaction are held directly in her name.