DeMilia David M 4
4 · TOMPKINS FINANCIAL CORP · Filed May 20, 2026
Research Summary
AI-generated summary of this filing
Tompkins Financial EVP David DeMilia Receives Award, Sells Shares
What Happened David M. DeMilia, EVP and President of TCB Hudson Valley at Tompkins Financial (TMP), received a 730‑share performance‑based award on 2026‑05‑18 and had 264 shares withheld to cover taxes (disposed) at $84.18 for $22,224. He also made four small open‑market purchases between 2026‑02‑13 and 2026‑05‑13 totaling about $400 (roughly 4.9 shares across four buys).
Key Details
- Transactions filed on Form 4 dated 2026‑05‑20 covering activity from 2026‑02‑13 through 2026‑05‑18. Several small purchases are marked “L” indicating late reporting.
- Open‑market purchases (optional cash purchases via the company DRIP/Stock Purchase Plan, footnote F1):
- 2026‑02‑13: 1.200 shares @ $83.32 = $100
- 2026‑03‑12: 1.342 shares @ $74.49 = $100
- 2026‑04‑14: 1.183 shares @ $84.50 = $100
- 2026‑05‑13: 1.208 shares @ $82.75 = $100
- Award and tax withholding (footnotes):
- 2026‑05‑18: 730 performance‑based stock units (PSUs) granted @ $0.00 (F2 explains vesting is performance‑contingent over a three‑year period).
- 2026‑05‑18: 264 shares withheld for taxes @ $84.18 = $22,224 (F3).
- Shares owned after the transactions: not specified in the provided filing details.
- Footnotes: F1 = purchases via Dividend Reinvestment & Stock Purchase Plan; F2 = PSUs vest based on multi‑year performance metrics; F3 = shares withheld to satisfy tax withholding.
Context
- The 730‑share entry is a performance‑based award (PSUs) that convert to common shares only if performance goals are met over the performance period; it is not an immediate free cash purchase.
- The 264‑share disposal was a tax withholding related to the award (routine), not an open‑market sale. The small purchases are modest and likely routine participation in the company’s DRIP/stock purchase plan.
- Filing was submitted on 2026‑05‑20 while some purchases date back to February and are marked late (L), which indicates delayed reporting of those small acquisitions.
Insider Transaction Report
Form 4
DeMilia David M
EVP, Pres of TCB Hudson Valley
Transactions
- Small Acquisition
Common Stock
[F1]2026-02-13$83.32/sh+1.2$100→ 6,737.281 total - Small Acquisition
Common Stock
[F1]2026-03-12$74.49/sh+1.342$100→ 6,766.738 total - Small Acquisition
Common Stock
[F1]2026-04-14$84.50/sh+1.183$100→ 6,767.921 total - Small Acquisition
Common Stock
[F1]2026-05-13$82.75/sh+1.208$100→ 6,769.129 total - Award
Common Stock
[F2]2026-05-18+730→ 7,526.978 total - Tax Payment
Common Stock
[F3]2026-05-18$84.18/sh−264$22,224→ 7,262.978 total
Holdings
- 163.476(indirect: By 401(k))
Common Stock
- 2,100.781(indirect: By ESOP)
Common Stock
Footnotes (3)
- [F1]Optional cash purchase through Tompkins Financial Dividend Reinvestment and Stock Puchase and Sale Plan.
- [F2]Each performance-based stock unit (PSU) represents the right to receive, following vesting, one share of Tompkins common stock. The number of shares of common stock acquired upon vesting of the PSUs is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three-year performance period beginning with the first day of the fiscal year of the grant date and ending on the last day of the fiscal year of the third anniversary of the grant date.
- [F3]Shares withheld for taxes.
Signature
/s/ David M. DeMilia|2026-05-19