Kenefick Jeffrey P. 4
Research Summary
AI-generated summary
Chemung Financial (CHMG) Regional President Jeffrey Kenefick Receives Award
What Happened
Jeffrey P. Kenefick, Regional President of Chemung Financial Corp (CHMG), was granted 1,368 shares on 2026-02-17 at a reported per-share value of $59.24, for a total value of $81,040. The transaction is coded as an award/grant (A), meaning these shares were issued as compensation rather than purchased on the open market.
Key Details
- Transaction date: 2026-02-17; filing date: 2026-02-19 (filed within the normal Form 4 window).
- Instrument: Award/Grant (code A) — 1,368 shares at $59.24 per share; total value $81,040.
- Shares owned after the transaction: Not specified in the provided filing.
- Footnote: F1 — includes dividends issued periodically under the issuer’s Dividend Reinvestment Plan (DRIP).
- No indication of a sale, 10b5-1 plan, tax withholding sale, or late filing in the provided data.
Context
Grants/awards are typically part of executive compensation or retention plans and represent a company-issued acquisition of shares; they are informative about compensation but do not necessarily signal the insider’s short-term trading intent. The DRIP-related footnote indicates some shares may reflect dividend reinvestment components.