Fariello Daniel D 4

What Happened

• Daniel D. Fariello, President of the Capital Bank Division at Chemung Financial Corp (CHMG), was granted 1,267 shares on February 17, 2026. The Form 4 reports an acquisition at $59.24 per share for a total value of $75,057. This transaction is reported as an award/grant (transaction code A), not an open-market purchase.

Key Details

• Transaction date and price: 2026-02-17 at $59.24 per share (1,267 shares; $75,057 total).
• Transaction type: A (award/grant — acquisition of shares as compensation or corporate grant).
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: F1 notes the total may include dividends issued periodically under the issuer’s Dividend Reinvestment Plan (DRIP).
• Filing timeliness: Report filed 2026-02-19 for a 2026-02-17 transaction (filed within the typical two-business-day Form 4 window).

Context

• Awards/grants are typically part of executive compensation and may be subject to vesting or holding requirements; they are different from open-market purchases and don’t necessarily signal independent buying by the insider. The DRIP footnote indicates some holdings may come from dividend reinvestment rather than separate cash purchases.