Stephen S. Romaine - 26 May 2021 Form 4 Insider Report for TOMPKINS FINANCIAL CORP (TMP)

Role
President & CEO, Director
Signature
/s/ Stephen S. Romaine
Issuer symbol
TMP
Transactions as of
26 May 2021
Net transactions value
-$213,438
Form type
4
Filing time
28 May 2021, 12:52:19 UTC
Next filing
01 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMP Common Stock Options Exercise $388,500 +10,500 +18% $37.00 67,674 26 May 2021 Direct
transaction TMP Common Stock Tax liability $601,938 -7,668 -11% $78.50 60,006 26 May 2021 Direct F1
holding TMP Common Stock 9,554 26 May 2021 by 401(k)/ISOP
holding TMP Common Stock 4,618 26 May 2021 by ESOP

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TMP Stock Appreciation Rights (SAR) Options Exercise $0 -10,500 -100% $0.000000* 0 26 May 2021 Common Stock 10,500 $37.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld for taxes.
F2 Stock Appreciation Rights (SARs) were granted pursuant to the Tompkins Financial Corporation 2009 Equity Plan. SARs have a seven year vesting schedule with 0% vesting in year one, 17% vesting in years two through six, and 15% vesting in year seven. When exercised, the SARs will be settled in Common Stock of the Company. The grant will expire ten years from the date of the grant.