CHERRY THOMAS F 4

What Happened

Thomas F. Cherry, President & CEO and a Director of C & F Financial Corp (CFFI), reported disposals totaling 1,883 shares. On 2026-02-26 he sold 11 shares in an open-market transaction at $78.25 per share for $861. On 2026-03-01 the filing shows 1,872 shares were disposed at $72.82 per share (total value ≈ $136,319) as a tax/payment-related disposition (code F). Both entries are disposals (not purchases) and therefore do not represent a new ownership increase.

Key Details

• Transaction dates and prices:
  • 2026-02-26 — Open-market sale of 11 shares at $78.25 ($861).
  • 2026-03-01 — Disposition of 1,872 shares at $72.82 ($≈136,319) coded as tax/payment (F).
• Filing: Form 4 filed 2026-03-02 (appears timely relative to the reported transactions).
• Shares owned after the transactions: Not specified in the transaction details provided.
• Notable footnote: Code F indicates shares were disposed to satisfy tax or exercise-price obligations (share withholding), not an independent market purchase/sale plan.

Context

The larger disposition (1,872 shares) appears to be a tax-withholding event—common when stock vests or options are exercised—and is different from an open-market sale for cash. The filing does not separately report an exercise (code M) or grant here, so the Form 4 shows the withholding itself plus a small open-market sale. Disposals by executives can be routine (tax-related or diversification) and do not by themselves indicate the insider’s view of the company’s prospects.