Tompkins Financial (NYSE: TMP) EVP uses 45 shares to cover taxes
Rhea-AI Filing Summary
Tompkins Financial Corp executive Eric W. Taylor (EVP, President TFA) reported a tax-related share disposition. On 2026-08-01, 45 shares of common stock were deemed disposed to the company at $99.84 per share to satisfy tax liability upon vesting of restricted stock. Following this withholding, Taylor directly holds 1,360 common shares. The transaction was not made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 45 shares
Net Sell
1 txn
Insider
Taylor Eric W
Role
EVP, President TFA
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 45 | $99.84 | $4K |
Holdings After Transaction:
Common Stock — 1,360 shares (Direct)
Footnotes (1)
- F1. Deemed disposition of shares to the Issuer to pay for taxes upon vesting of restricted stock.
Key Figures
Shares disposed for taxes: 45 shares
Per-share value for tax withholding: $99.84 per share
Shares owned after transaction: 1,360 shares
3 metrics
Shares disposed for taxes
45 shares
Deemed disposition to issuer to pay tax liability on vesting restricted stock on 2026-08-01
Per-share value for tax withholding
$99.84 per share
Price used for the 45-share tax-withholding disposition
Shares owned after transaction
1,360 shares
Direct common stock ownership following the tax-withholding disposition
Key Terms
tax-withholding disposition, restricted stock, deemed disposition
3 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.
restricted stock financial
"taxes upon vesting of restricted stock."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
deemed disposition financial
"Deemed disposition of shares to the Issuer to pay for taxes"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Tompkins Financial (TMP) report for Eric W. Taylor?
Eric W. Taylor reported a tax-withholding disposition of 45 common shares on 2026-08-01. The shares were deemed delivered to the issuer to cover tax liability from vesting restricted stock, rather than an open-market sale.
Was Eric W. Taylor’s Tompkins Financial (TMP) transaction under a Rule 10b5-1 plan?
No. The filing indicates the Rule 10b5-1 checkbox was not selected, meaning the transaction was not executed under a Rule 10b5-1 trading plan. It is characterized instead as a tax-withholding disposition tied to restricted stock vesting.
What is the nature of the Form 4 disposition reported for Tompkins Financial (TMP)?
The Form 4 reports a tax-withholding disposition, where 45 shares were deemed returned to the issuer. According to the footnote, this satisfied tax obligations arising from the vesting of restricted stock, rather than representing a discretionary market sale.