Tompkins Financial (TMP) EVP Alyssa Fontaine Exercises SARs

What Happened

• Alyssa H. Fontaine, EVP, General Counsel & CRO of Tompkins Financial Corporation, exercised 802 Stock Appreciation Rights (SARs) on 2026-09-02.
• The exercise reported: 802 shares acquired at an exercise-related price of $76.90 (total $61,674). To cover taxes and option costs, 713 shares were withheld/disposed at $97.56 each (value $69,560). Net shares received = 802 - 713 = 89 shares.
• This was a cashless/net-share settlement (routine withholding), not an open-market sale or fresh cash purchase — a modest net increase in her holding.

Key Details

• Transaction dates/prices:
  • 2026-09-02: Exercise (code M) — 802 shares @ $76.90 (acquired), total $61,674.
  • 2026-09-02: Withholding for taxes/exercise cost (code F) — 713 shares @ $97.56, value $69,560.
• Net shares received: 89 (802 exercised minus 713 withheld).
• Shares owned after transaction: Not disclosed in the Form 4 provided.
• Footnotes:
  • F1: Shares withheld for option cost and taxes.
  • F2: SARs granted under the Tompkins 2009 Equity Plan; SARs vest over five years and settle in common stock when exercised.
• Filing timeliness: Transaction reported on a Form 4 filed 2026-09-04 for a 2026-09-02 transaction — appears timely (within the typical 2-business-day reporting window).

Context

• This was an exercise/settlement of SARs (derivative conversion) with a net-share/cashless settlement — common practice to cover exercise price and tax obligations.
• Withholding shares for taxes is routine and does not necessarily signal a view on the company’s stock; the net gain (89 shares) is small relative to the total exercised and unlikely to be a material bullish signal by itself.
• Transaction codes: M = exercise/conversion of derivative; F = shares withheld for taxes/exercise.