Stempin John J 4

What Happened John J. Stempin, Controller of Chemung Financial Corp (CHMG), had 12 shares withheld on 2026-02-27 to satisfy a tax liability related to an equity event. The shares were reported at $55.52 each, a total value of about $666. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-02-27
• Action: Payment of tax liability via share withholding (transaction code F)
• Shares withheld/disposed: 12
• Price per share: $55.52; total value ≈ $666
• Shares owned after transaction: not specified in the provided filing data
• Filing timeliness: no late-filing indication in the provided information
• Note: "Disposed" here reflects shares withheld to cover taxes (common with option exercises or vesting)

Context Share withholding to cover taxes is a routine administrative step following option exercises or restricted stock vesting and does not represent an open-market sale or a directional buy/sell signal. For retail investors, purchases or outright sales on the open market are generally more informative about insider sentiment than tax withholdings.