Director Ita M. Rahilly adds Tompkins Financial (TMP) shares via purchase plan
Rhea-AI Filing Summary
Tompkins Financial Corp director Ita M. Rahilly increased her stake through a purchase of common stock. She bought 1,164.144 shares of Tompkins Financial Corp common stock at a price of $85.90 per share in an open-market transaction.
Following this trade, her directly held position rose to 11,849.391 shares of common stock. The footnote explains that this was an optional cash purchase made through the Tompkins Financial Dividend Reinvestment and Stock Purchase and Sale Plan, indicating it was executed via the company’s shareholder plan rather than a one-off brokered trade.
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Insider Trade Summary
Net Buyer: 1,164.144 shares
Net Buy
1 txn
Insider
Rahilly Ita M
Role
Director
Bought
1,164.144 shs ($100K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 1,164.144 | $85.90 | $100K |
Holdings After Transaction:
Common Stock — 11,849.391 shares (Direct)
Footnotes (1)
- F1. Optional cash purchase through Tompkins Financial Dividend Reinvestment and Stock Puchase and Sale Plan.
Key Figures
Shares purchased: 1,164.144 shares
Purchase price: $85.90 per share
Post-transaction holdings: 11,849.391 shares
3 metrics
Shares purchased
1,164.144 shares
Open-market purchase of common stock
Purchase price
$85.90 per share
Price paid for Tompkins Financial common stock
Post-transaction holdings
11,849.391 shares
Director’s direct ownership after the transaction
Key Terms
open-market purchase, Dividend Reinvestment and Stock Purchase and Sale Plan, Form 4
3 terms
open-market purchase financial
"She bought 1,164.144 shares of Tompkins Financial Corp common stock at a price of $85.90 per share in an open-market transaction."
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
Dividend Reinvestment and Stock Purchase and Sale Plan financial
"Optional cash purchase through Tompkins Financial Dividend Reinvestment and Stock Puchase and Sale Plan."
Form 4 regulatory
"After this Form 4 transaction, Ita M. Rahilly directly owns 11,849.391 shares of Tompkins Financial common stock."
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Tompkins Financial Corp (TMP) disclose for Ita M. Rahilly?
Tompkins Financial Corp reported that director Ita M. Rahilly bought 1,164.144 shares of common stock. The shares were acquired at $85.90 each, increasing her direct holdings to 11,849.391 shares after the transaction.
Was the Tompkins Financial (TMP) insider trade an open-market purchase or another type of transaction?
The filing identifies the transaction as an open-market purchase of common stock. A footnote clarifies it was an optional cash purchase executed through the Tompkins Financial Dividend Reinvestment and Stock Purchase and Sale Plan, rather than a discretionary brokered sale or complex derivative exercise.
What does the dividend reinvestment and stock purchase plan note mean in the Tompkins Financial (TMP) Form 4?
The footnote explains the shares were bought via the Tompkins Financial Dividend Reinvestment and Stock Purchase and Sale Plan. This indicates the director used a company-sponsored plan that allows shareholders to reinvest dividends or add cash to purchase additional shares.