Meisner Mary E 4

What Happened Mary E. Meisner, EVP & Chief Risk Officer of Chemung Financial Corp (CHMG), had 79 shares withheld to satisfy tax obligations related to an option exercise or award. The shares were disposed at an indicated value of $55.52 per share, totaling approximately $4,386. This was a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date: 2026-02-27; Form 4 filed: 2026-03-02 (appears to be within the 2-business-day filing window).
• Disposition: 79 shares withheld at $55.52 per share; total ≈ $4,386.
• Transaction code: F (payment of exercise price or tax liability — shares surrendered/withheld to cover taxes).
• Shares owned after the transaction: not specified in the filing.
• This is a withholding event (routine tax-related disposition), not a purchase or voluntary sale.

Context Tax-withholding dispositions are common when executives exercise options or when restricted stock vests. They reduce the insider’s share count to cover tax obligations and generally are administrative in nature rather than a market sentiment signal. The reported amount here is small relative to typical open-market trades.