Janet M. Coletti, a director at Tompkins Financial Corp, has reported a transaction involving phantom stock. This filing, dated October 6, 2026, is significant as it highlights Coletti's ongoing engagement with the company.
Tompkins Financial Corp, identified by the Central Index Key 0001005817, operates in the state commercial banks sector. The company is headquartered in Ithaca, New York, and is known for providing various financial services.
According to the recent filing, Coletti acquired 19.71 shares of phantom stock on October 2, 2026, at a price of $98.9348 per share. Following this transaction, she now holds a total of 799.436 shares. The filing states, "Each share of phantom stock is the economic equivalent of one share of common stock." This reflects her involvement in the Amended and Restated Retainer Plan for Eligible Directors of Tompkins Financial Corporation.
This transaction may influence how other directors and stakeholders within Tompkins Financial and the broader banking industry approach stock compensation plans. The filing indicates that the shares are held in a rabbi trust pending distribution upon the occurrence of specific events, which may lead to increased interest in similar arrangements among competitors.
The filing does not specify what happens next regarding this transaction or any potential upcoming filings.