Fariello Daniel D 4

Accession 0001727262-26-000004

CIK 0000763563other

View on SEC.gov Company Profile

Filed

Feb 3, 7:00 PM ET

Accepted

Feb 4, 9:33 AM ET

Size

5.5 KB

Accession

0001727262-26-000004

Research Summary

AI-generated summary of this filing

Updated Feb 4, 2026

Chemung Financial (CHMG) President Daniel D. Fariello Sells 242 Shares

What Happened
Daniel D. Fariello, President of the Capital Bank Division at Chemung Financial Corp (CHMG), sold 242 shares on February 3, 2026. The shares were disposed in an open-market sale at $61.57 per share, for proceeds of approximately $14,901. This was a sale (code S), which is often routine insider selling rather than a bullish signal.

Key Details

Transaction date: 2026-02-03; Filing date: 2026-02-04 (timely filing).
Price per share: $61.57; Shares sold: 242; Total proceeds: ~$14,901.
Transaction type: Sale (open market/private sale, reporting code S).
Shares owned after transaction: Not specified in the provided filing excerpt.
Footnote F1: Notes that dividends may be periodically reinvested under the issuer’s Dividend Reinvestment Plan (DRIP).
No indication in this filing of option exercise, gift, tax withholding, or a 10b5-1 plan.

Context
Sales by executives can be for many reasons (diversification, personal liquidity, tax planning) and do not by themselves indicate company performance. This appears to be a relatively small, routine sale rather than a cashless exercise or grant-related transaction.