Davidson Heidi M 4

What Happened
Heidi M. Davidson, a director of Tompkins Financial Corporation (TMP), was granted two awards of phantom stock on July 1, 2026: 92.162 shares at $96.84 (valued $8,925) and 200.506 shares at $96.84 (valued $19,417), totaling 292.668 shares worth $28,342. This was an awarded grant (transaction code A), not an open‑market purchase or sale — it’s compensation.

Key Details

• Transaction date: 2026-07-01; Filing date (Form 4): 2026-07-02 (appears timely).
• Prices used for valuation: $96.84 per share.
• Grants: 92.162 shares ($8,925) and 200.506 shares ($19,417); total 292.668 shares ($28,342).
• Shares owned after the transaction: not specified in the provided filing.
• Footnote: These are phantom stock awards (derivative). The phantom shares are economic equivalents of common stock, held in a rabbi trust under the director retainer plan; the reporting person has no voting or investment power before distribution.

Context
Phantom stock awards are deferred compensation that track the value of company shares but do not represent actual common stock ownership until distribution; they typically do not signal an immediate buy/sell decision by the insider. This grant increases Davidson’s deferred equity compensation rather than reflecting an open‑market purchase.