COLE LOREN D 4

What Happened Loren D. Cole, EVP & Chief Investment Officer of Chemung Financial Corp (CHMG), was granted/received 1,182 shares on February 17, 2026. The reported acquisition price is $59.24 per share, giving the award a reported value of approximately $70,022. This transaction is coded as an award/grant (A), which typically reflects compensation or plan-based issuance rather than an open-market purchase.

Key Details

• Transaction date and price: 2026-02-17 — 1,182 shares at $59.24 each.
• Reported value: ≈ $70,022.
• Filing date: Form 4 filed 2026-02-19 (filed within the common 2-business-day reporting window).
• Shares owned after transaction: Not disclosed in the provided excerpt.
• Footnote: F1 — includes dividends issued periodically under the issuer’s Dividend Reinvestment Plan (DRIP), indicating some shares may result from dividend reinvestment.
• Transaction code: A (award/grant).

Context Awards or grants are often part of compensation programs or DRIP allocations and do not necessarily signal the insider buying stock on the open market. For retail investors, purchases are usually more informative about an insider's market view; awards are primarily compensation-related. No indication in the filing that shares were immediately sold or that the filing was late.