Cutrona Vincent M 4

What Happened
Vincent M. Cutrona, EVP & President — Canal Bank Division of Chemung Financial Corp (CHMG), had 95 shares withheld to satisfy a tax liability related to an equity exercise. The filing shows 95 shares at $55.52 each were disposed/withheld, totaling about $5,274. This is a tax-withholding event (routine), not an open-market sale.

Key Details

• Transaction date: 2026-02-27
• Price per share reported: $55.52; total value of shares withheld: ~$5,274
• Transaction code: F — payment of exercise price or tax liability (shares withheld/disposed)
• Shares owned after the transaction: Not specified in the provided filing
• Filing date: 2026-03-02 — filed within the standard two business-day Form 4 reporting window for a Feb 27 transaction (timely)

Context
An F-code disposal typically means shares were retained by the company or broker to cover taxes from an option exercise or other equity award (a form of "cashless" settlement for tax purposes). This is a routine administrative step and does not necessarily indicate a decision to sell shares on the open market.