CHMG CFO reports 187-share tax withholding

CHEMUNG FINANCIAL CORP executive Dale M. McKim III, EVP, CFO & Treasurer, reported a routine tax-related share disposition.

Accepted by SEC EDGAR 07/06/2026 - 11:08 AM EDT

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Form Type

Rhea-AI Filing Summary

CHEMUNG FINANCIAL CORP executive Dale M. McKim III, EVP, CFO & Treasurer, reported a routine tax-related share disposition. On July 3, 2026, 187 shares of common stock were withheld at $74.50 per share to cover tax obligations by delivering securities.

After this tax-withholding disposition, McKim directly holds 6,746 shares of Chemung Financial common stock. This type F transaction reflects payment of tax liability using shares rather than an open-market sale, and does not represent an active buy or sell decision.

Insider Trade Summary

Exercise Price or Tax Liability: 187 shares

Exercise Price or Tax Liability 1 txn

Insider McKim Dale M. III

Role EVP, CFO & Treasurer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	COMMON STOCK	187	$74.50	$14K

Holdings After Transaction: COMMON STOCK — 6,746 shares (Direct)

Holdings Before and After: COMMON STOCK, 6,933 to 6,746 shares (Direct)

Key Figures

Tax-withholding shares: 187 shares Share value for withholding: $74.50 per share Post-transaction holdings: 6,746 shares

3 metrics

Tax-withholding shares 187 shares Code F tax-withholding disposition of common stock

Share value for withholding $74.50 per share Valuation used for 187 withheld shares

Post-transaction holdings 6,746 shares Common stock directly held after transaction

Key Terms

tax-withholding disposition, transaction code F, Form 4

3 terms

tax-withholding disposition financial

"reported a routine tax-related share 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.

transaction code F regulatory

"This code F transaction reflects payment of tax liability in shares"

Form 4 regulatory

"CHEMUNG FINANCIAL reported a Form 4 for EVP, CFO & Treasurer"

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did CHEMUNG FINANCIAL (CHMG) report for Dale M. McKim III?

CHEMUNG FINANCIAL reported a Form 4 for EVP, CFO & Treasurer Dale M. McKim III showing a tax-related share disposition of 187 common shares. The shares were delivered to cover tax obligations, not sold in the open market.

How many CHEMUNG FINANCIAL (CHMG) shares were involved in the latest Form 4?

The Form 4 shows 187 shares of CHEMUNG FINANCIAL common stock used to satisfy tax obligations. This code F transaction reflects payment of tax liability in shares, rather than a traditional open-market sale for cash proceeds.

At what price were the CHEMUNG FINANCIAL (CHMG) shares valued in the tax-withholding transaction?

The 187 shares were valued at $74.50 per share for the tax-withholding disposition. This value is used to calculate the amount of tax satisfied by delivering shares instead of paying the liability entirely in cash.

How many CHEMUNG FINANCIAL (CHMG) shares does Dale M. McKim III hold after this Form 4 transaction?

Following the tax-withholding disposition, Dale M. McKim III directly holds 6,746 CHEMUNG FINANCIAL common shares. This post-transaction balance shows his remaining direct ownership after 187 shares were delivered to satisfy tax obligations.

What does transaction code F mean in the CHEMUNG FINANCIAL (CHMG) Form 4?

Transaction code F indicates payment of an exercise price or tax liability by delivering securities. For CHEMUNG FINANCIAL, 187 shares were used to cover tax obligations, classifying the event as a tax-withholding disposition rather than an open-market sale.

Is the CHEMUNG FINANCIAL (CHMG) Form 4 transaction an open-market sale by the CFO?

The transaction is not an open-market sale. It is a code F tax-withholding disposition where 187 shares were delivered to cover tax obligations. This mechanistic event differs from a discretionary buy or sell decision in the open market.

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

McKim Dale M. III

(Last)

(First)

(Middle)

ONE CHEMUNG CANAL PLAZA

PO BOX 1522

(Street)

ELMIRA

NEW YORK

14902-1522

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CHEMUNG FINANCIAL CORP [ CHMG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP, CFO & Treasurer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/03/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
COMMON STOCK	07/03/2026		F		187	D	$74.5	6,746	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

Remarks:

	Kathleen S. McKillip, Attorney-in-Fact, pursuant to Power of Attorney dated 6/25/2025	07/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR