Matthew D. Tomazin, the Executive Vice President, Chief Financial Officer, and Treasurer of Tompkins Financial Corp, has reported a transaction involving the disposition of shares of the company's common stock. This event is significant as it reflects the ongoing financial activities within the banking sector.
According to the recent filing dated November 13, 2026, Tomazin disposed of 109 shares of common stock on November 12, 2026, at a price of $100.14 per share. The filing notes that this transaction was a deemed disposition of shares to the issuer to pay for taxes upon vesting of restricted stock.
Background
Tompkins Financial Corp, identified by the Central Index Key (CIK) 0001005817, operates within the state commercial banks industry. The company is incorporated in New York and has a fiscal year-end on December 31. It has undergone name changes in the past, previously known as Tompkins Trustco Inc and Tompkins County Trustco Inc.
What the Filing Says
The filing states, "Deemed disposition of shares to the Issuer to pay for taxes upon vesting of restricted stock." Following this transaction, Tomazin retains ownership of 5,444.689 shares directly.
Impact
This transaction may affect shareholders and stakeholders in Tompkins Financial Corp, as it reflects the company's ongoing management of executive compensation and tax obligations. The banking industry, particularly state commercial banks, may also observe similar transactions as executives manage their stock holdings.
What's Next
The filing does not say what happens next.
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