Lounsberry Stephen M. III 4

What Happened

• Stephen M. Lounsberry III, a director of Chemung Financial Corp (CHMG), was granted 644 shares on January 21, 2026. The reported acquisition price/value was $57.13 per share, totaling roughly $36,792. The transaction is coded as an award/grant (Transaction code A), meaning Lounsberry received the shares as compensation or a company grant rather than buying them on the open market.

Key Details

• Transaction date: 2026-01-21; Filed on Form 4: 2026-01-23 (timely — within the usual two-business-day reporting window).
• Price/value: $57.13 per share; total value ≈ $36,792 (644 × $57.13).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Transaction code: A (award/grant/acquisition); no 10b5-1, tax-withholding, or other footnotes disclosed in the excerpt.
• Filing timeliness: Report appears timely (no late-filing flag).

Context

• Awards/grants are commonly part of executive/director compensation (restricted stock, performance awards, etc.). Such acquisitions reflect compensation allocation rather than a market buy signal and may be subject to vesting or transfer restrictions. Retail investors should note this is an acquisition of shares by a director but not necessarily an indication of personal buying conviction.