Tompkins Financial EVP exercises 250 SARs
Diane D. Torcello, EVP & President, Tompkins WNY at Tompkins Financial Corp, exercised 250 Stock Appreciation Rights into 250 shares of Common Stock on 2026-07-27 at an exercise price of $76.9000 per share.
Rhea-AI Filing Summary
Diane D. Torcello, EVP & President, Tompkins WNY at Tompkins Financial Corp, exercised 250 Stock Appreciation Rights into 250 shares of Common Stock on 2026-07-27 at an exercise price of $76.9000 per share.
To cover option costs and taxes, 214 shares of Common Stock were withheld at $99.6800 per share. After these transactions, 1,865.0983 shares of Common Stock are reported as held indirectly "By ESOP."
Positive
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Negative
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Insider Trade Summary
250 shares exercised/converted
Exercise
4 txns
Insider
Torcello Diane D
Role
EVP & President, Tompkins WNY
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Appreciation Rights (SAR) F2 | 250 | $0.00 | $0.00 |
| Exercise | Common Stock | 250 | $76.90 | $19K |
| Tax Withholding | Common Stock F1 | 214 | $99.68 | $21K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Appreciation Rights (SAR) — 0 contracts (Direct);
Common Stock — 7,347.693 shares (Direct);
Common Stock — 1,865.0983 shares (Indirect, By ESOP)
Footnotes (2)
- F1. Shares withheld for option costs 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: 250 shares
Exercise price: $76.9000 per share
Shares from exercise: 250 shares
+2 more
5 metrics
SARs exercised
250 shares
Stock Appreciation Rights exercised on 2026-07-27
Exercise price
$76.9000 per share
Exercise price for 250 Stock Appreciation Rights
Shares from exercise
250 shares
Common Stock acquired upon SAR exercise on 2026-07-27
Shares withheld for taxes
214 shares
Common Stock withheld at $99.6800 per share for option costs and taxes
ESOP holdings after transactions
1,865.0983 shares
Indirect Common Stock ownership "By ESOP" following reported transactions
Key Terms
Stock Appreciation Rights (SAR), Tompkins Financial Corporation 2009 Equity Plan, vesting schedule, ESOP
4 terms
Stock Appreciation Rights (SAR) financial
"Stock Appreciation Rights (SARs) were granted pursuant to the 2009 Equity Plan."
Tompkins Financial Corporation 2009 Equity Plan financial
"SARs were granted pursuant to the Tompkins Financial Corporation 2009 Equity Plan."
vesting schedule financial
"SARs have a five-year vesting schedule, with 0% vesting in year one."
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.
ESOP financial
"Common Stock total shares following transaction reported as indirect ownership "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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Diane D. Torcello report for TMP?
Diane D. Torcello reported exercising 250 Stock Appreciation Rights into 250 shares of Tompkins Financial (TMP) Common Stock on 2026-07-27 at an exercise price of $76.9000 per share. The transaction is reported as a derivative exercise/conversion (code M) on a Form 4.
What ESOP holdings are reported for TMP in this Form 4?
After the reported transactions, the filing lists 1,865.0983 shares of Tompkins Financial (TMP) Common Stock held indirectly "By ESOP." This reflects an indirect ownership position through an employee stock ownership plan, separate from directly held shares involved in the exercise and withholding events.
Were the TMP Form 4 transactions reported under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not marked, and there is no footnote stating the transactions were made under a trading plan. Based on the filing data provided, these transactions are not affirmatively reported as executed under a Rule 10b5-1 plan.
What equity plan governs the SARs exercised in the TMP Form 4?
The exercised Stock Appreciation Rights were granted under the Tompkins Financial Corporation 2009 Equity Plan. Footnotes explain that these SARs have a five-year vesting schedule, with 0% vesting in year one and 25% vesting in years two through five, and are settled in Common Stock when exercised.
AI-generated analysis. How Rhea-AI works. Not financial advice.
