Chemung Financial (CHMG) controller receives 127-share stock award in Form 4 filing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chemung Financial Corp reported that its Controller, John J. Stempin, acquired 127 shares of common stock on a grant or award basis. The shares were valued at $59.24 per share. After this grant, his directly held common stock ownership increased to 487 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stempin John J
Role
Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | COMMON STOCK | 127 | $59.24 | $8K |
Holdings After Transaction:
COMMON STOCK — 487 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did Chemung Financial (CHMG) report for John J. Stempin?
Chemung Financial reported that Controller John J. Stempin received a grant of 127 shares of common stock. The award was recorded at a value of $59.24 per share, increasing his directly held position to 487 shares after the transaction.
Was the Chemung Financial (CHMG) insider Form 4 a purchase or a grant?
The Form 4 reflects a grant or award acquisition, not an open-market purchase. John J. Stempin received 127 shares of Chemung Financial common stock as an award, categorized under transaction code “A” for grant, award, or other acquisition.
What is the transaction code used in the Chemung Financial (CHMG) Form 4 for this award?
The transaction is classified under code “A”, meaning a grant, award, or other acquisition of securities. This code indicates the shares were received as compensation or an award, rather than being bought in an open-market purchase by the insider.