Chemung Financial (CHMG) EVP disposes 95 shares for tax withholding

Rhea-AI Filing Summary

Chemung Financial Corp executive reports share disposition for taxes. EVP & President-Canal Bank Division Vincent M. Cutrona transferred 95 shares of common stock on February 27, 2026 at $55.52 per share to cover tax withholding, leaving him with 3,607 directly held shares.

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

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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^*

Cutrona Vincent M

(Last) (First) (Middle)

ONE CHEMUNG CANAL PLAZA, PO BOX 1522

(Street)

ELMIRA NY 14902-1522

(City) (State) (Zip)

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 & President-Canal Bank Div

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
COMMON STOCK	02/27/2026		F		95	D	$55.52	3,607	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	Kathleen E. Cook, Attorney in Fact, Pursuant to Power of Attorney dated 6/25/2025	03/02/2026
	** 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.

FAQ

What insider transaction did Chemung Financial (CHMG) report for Vincent M. Cutrona?

Chemung Financial reported that executive Vincent M. Cutrona disposed of 95 shares of common stock. The transaction was a tax-withholding disposition, meaning shares were delivered to satisfy tax obligations rather than sold in an open-market trade.

How many Chemung Financial (CHMG) shares does Vincent M. Cutrona hold after this Form 4?

After the tax-withholding disposition, Vincent M. Cutrona directly holds 3,607 shares of Chemung Financial common stock. This figure reflects his ownership immediately following the February 27, 2026 transaction reported in the Form 4 filing.

What was the price per share in Vincent M. Cutrona’s Chemung Financial (CHMG) tax-withholding transaction?

The tax-withholding disposition used a price of $55.52 per Chemung Financial common share. This value is applied to the 95 shares delivered for taxes, as reported in the Form 4 filed for the February 27, 2026 transaction.

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, it means Vincent M. Cutrona delivered 95 shares of common stock to cover taxes, rather than conducting a standard market sale.

Is Vincent M. Cutrona’s Chemung Financial (CHMG) transaction a direct or indirect holding change?

The Form 4 shows the transaction affecting directly held shares, coded as “D” for direct ownership. After delivering 95 shares for tax withholding, Vincent M. Cutrona’s directly owned Chemung Financial common stock position stands at 3,607 shares.

What role does Vincent M. Cutrona hold at Chemung Financial (CHMG) in this Form 4?

In this Form 4, Vincent M. Cutrona is identified as an officer of Chemung Financial, serving as EVP & President-Canal Bank Division. The reported tax-withholding disposition involves his directly held common stock in the company.