Tomson Anders 4

What Happened

• Tomson Anders, President & CEO and Director of Chemung Financial Corp (CHMG), disposed of 1,603 shares on 2026-02-27 at $55.52 per share for a total of $88,999. The transaction is recorded as a payment of tax liability (code F), meaning shares were surrendered to cover taxes (e.g., related to dividends).

Key Details

• Transaction date: 2026-02-27
• Price per share: $55.52
• Shares disposed: 1,603; proceeds (reported) $88,999
• Transaction code: F — payment of exercise price or tax liability (tax withholding)
• Post-transaction holdings: Not stated in the provided filing excerpt
• Footnote: F1 notes this includes dividends issued periodically under the issuer’s Dividend Reinvestment Plan (DRIP)
• Filing date: 2026-03-02 (no late filing flag shown in the provided record)

Context

• Code F transactions commonly represent shares surrendered to satisfy tax withholding obligations (for example from dividend reinvestment or option exercises) rather than an open-market sale for investment purposes. This type of disposition is typically routine and tied to tax mechanics; it does not necessarily indicate a change in the insider’s view of the company.