Tompkins Financial (NYSE: TMP) exec exercises 260 SARs, 220 shares withheld
Rhea-AI Filing Summary
Tompkins Financial Corp executive David Kershaw, SVP and PAO, exercised 260.0000 Stock Appreciation Rights into 260.0000 shares of Common Stock at $76.9000 per share on August 4, 2026. Of these shares, 220.0000 were withheld to cover option cost and tax obligations at $101.5400 per share. He now indirectly holds 1335.4586 shares through a 401(k) and 2719.1885 shares through an ESOP.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 40 shares
Net Buy
5 txns
Insider
Kershaw David
Role
SVP, PAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Appreciation Rights (SAR) F2 | 260 | $0.00 | $0.00 |
| Exercise | Common Stock | 260 | $76.90 | $20K |
| Tax Withholding | Common Stock F1 | 220 | $101.54 | $22K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Appreciation Rights (SAR) — 0 shares (Direct);
Common Stock — 4,856.515 shares (Direct);
Common Stock — 1,335.4586 shares (Indirect, by 401(k));
Common Stock — 2,719.1885 shares (Indirect, by ESOP)
Footnotes (2)
- F1. Shares withheld for Option cost and taxes.
- F2. Stock Appreciation Rights (SARs) were granted pursuant to the Tompkins Financial Corporation 2009 Equity Plan. SARs have a five-year vesting schedule, with 0% vesting in year one and 25% vesting in years two through five. When exercised, the SARs will be settled in Common Stock of the Company. The grant will expire ten years from the date of the grant.
Key Figures
SARs exercised: 260.0000 shares
SAR exercise price: $76.9000 per share
Shares withheld for option cost and taxes: 220.0000 shares
+3 more
6 metrics
SARs exercised
260.0000 shares
Stock Appreciation Rights converted to Common Stock on August 4, 2026
SAR exercise price
$76.9000 per share
Exercise or conversion price for the 260.0000 SARs
Shares withheld for option cost and taxes
220.0000 shares
Common Stock withheld as a tax-withholding disposition at $101.5400 per share
Tax-withholding price
$101.5400 per share
Per-share value applied to the 220.0000 withheld shares
Indirect 401(k) holdings
1335.4586 shares
Indirect ownership of Common Stock reported as held by 401(k)
Indirect ESOP holdings
2719.1885 shares
Indirect ownership of Common Stock reported as held by ESOP
Key Terms
Stock Appreciation Rights (SAR), tax-withholding disposition, 401(k), ESOP, +1 more
5 terms
Stock Appreciation Rights (SAR) financial
"Stock Appreciation Rights (SARs) were granted under the Tompkins Financial 2009 Equity Plan."
tax-withholding disposition financial
"Transaction code F is described as a tax-withholding disposition of Common Stock."
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.
401(k) financial
"Indirect ownership of Common Stock is reported as held by 401(k)."
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
ESOP financial
"Additional indirect Common Stock holdings are reported as held by ESOP."
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
vesting schedule financial
"SARs have a five-year vesting schedule, with 25% vesting in years two through five."
A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider stock activity did TMP executive David Kershaw report?
David Kershaw, an SVP at Tompkins Financial, exercised 260.0000 Stock Appreciation Rights into Common Stock on August 4, 2026. Of the resulting shares, 220.0000 were withheld to cover the option cost and related tax obligations, recorded as a tax-withholding disposition.
How many Stock Appreciation Rights did David Kershaw exercise in TMP?
He exercised 260.0000 Stock Appreciation Rights (SARs), each settled in one share of Tompkins Financial Common Stock, at an exercise price of $76.9000 per share. Footnotes state these SARs were granted under the Tompkins Financial Corporation 2009 Equity Plan with a five-year vesting schedule.
Were David Kershaw’s TMP transactions made under a Rule 10b5-1 trading plan?
These transactions are not identified as Rule 10b5-1 plan trades. The report’s Rule 10b5-1 checkbox is not marked, and the accompanying footnotes describe SAR grant and tax-withholding mechanics without referencing any prearranged trading plan.