HAZELTON KIMBERLY A 4

What happened

• Kimberly A. Hazelton, Executive Vice President of Chemung Financial Corp (CHMG), had 104 shares withheld on 2026-02-27 to satisfy a tax obligation related to an equity award/exercise. The shares were valued at $55.52 each for a total of $5,774 (disposition reported under code F — payment of exercise price or tax liability).
• This was not an open-market sale but a tax-withholding disposition (routine administrative action tied to equity compensation).

Key details

• Transaction date: 2026-02-27; price: $55.52 per share; shares withheld/disposed: 104; total value: $5,774.
• Transaction code: F — payment of exercise price or tax liability (shares withheld to cover taxes).
• Shares owned after the transaction: not specified in the Form 4 filing.
• Filing date: 2026-03-02 (filed within the typical two-business-day window after the Feb 27 transaction — appears timely).

Context

• Tax-withholdings (code F) are common when options are exercised or restricted stock units vest; they represent an administrative settlement of taxes rather than a directional trade by the insider.
• Such dispositions generally do not signal a change in insider sentiment the way open-market purchases or sales might.