Kenefick Jeffrey P. 4

What Happened

• Jeffrey P. Kenefick, Regional President of Chemung Financial Corp (CHMG), disposed of 119 shares on 2026-02-27 as payment of a tax liability (transaction code F).
• The shares were valued at $55.52 each for a total of approximately $6,607. This was a share surrender/withholding to cover taxes—not an open-market sale.

Key Details

• Transaction date: 2026-02-27; Price per share: $55.52; Total value: ~$6,607.
• Shares owned after the transaction: Not specified in the filing.
• Footnote: Filing notes that this includes dividends issued periodically under the issuer’s Dividend Reinvestment Plan (DRIP).
• Filing date: 2026-03-02. The report does not indicate a late filing.

Context

• Transaction code F denotes payment of an exercise price or tax liability using shares (share withholding/surrender). These are routine administrative dispositions to satisfy tax obligations and are not the same as an open-market sale signaling a change in view.
• For retail investors, this type of transaction is typically neutral — it reflects tax withholding or DRIP mechanics rather than a deliberate insider sell decision.