COLE LOREN D 4
4 · CHEMUNG FINANCIAL CORP · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Chemung Financial (CHMG) EVP Loren D. Cole Withholds 119 Shares for Taxes
What Happened
Loren D. Cole, EVP & CIO of Chemung Financial Corp (CHMG), had 119 shares withheld to satisfy a tax liability related to equity compensation. The withholding was executed at a price of $55.52 per share, representing a value of $6,607, and was reported on Form 4 for the transaction date 2026-02-27.
Key Details
- Transaction date: 2026-02-27; Filing date: 2026-03-02 (appears timely under the two-business-day Rule 16b-3 reporting window).
- Action: Tax withholding (code F) — 119 shares withheld/ disposed at $55.52 each.
- Total value of shares withheld: $6,607.
- Shares owned after transaction: Not specified in the information provided.
- Footnote: F1 indicates shares may include dividends issued under the issuer’s Dividend Reinvestment Plan.
Context
Withholding shares to cover taxes is a routine administrative step following option exercises or vesting of awards and does not, by itself, indicate a buy or sell decision about the company’s stock. This is a disposition solely to satisfy tax withholding obligations rather than an open-market sale.
Insider Transaction Report
Form 4
COLE LOREN D
EVP & CIO
Transactions
- Tax Payment
COMMON STOCK
2026-02-27$55.52/sh−119$6,607→ 6,398 total
Holdings
- 105(indirect: By Spouse)
COMMON STOCK
- 9,601.981(indirect: By Qualified Plan)
COMMON STOCK
[F1]
Footnotes (1)
- [F1]Includes dividends issued periodically under the Issuer's Dividend Reinvestment Plan.
Signature
Kathleen E. Cook, Attorney in Fact, Pursuant to Power of Attorney dated 6/25/2025|2026-03-02