Fariello Daniel D 4

What Happened

• Daniel D. Fariello, President of the Capital Bank Division at Chemung Financial Corp. (CHMG), had 116 shares disposed of on February 27, 2026 to satisfy a tax liability. The shares were valued at $55.52 each, totaling approximately $6,440. This was a share withholding to cover taxes (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-02-27; filing date: 2026-03-02 (filed within the Form 4 reporting window).
• Shares disposed: 116 at $55.52 per share; total ≈ $6,440.
• Transaction type: F — payment of exercise price or tax liability (share withholding).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnote: F1 — holdings may include dividends issued under the issuer’s Dividend Reinvestment Plan (DRIP).

Context

• Code F transactions typically reflect shares surrendered or withheld to meet tax obligations from equity awards or dividend events. These are routine administrative dispositions and do not necessarily signal a change in insider sentiment about the company.