Director Robert H. Dalrymple reported the sale of 2,833 shares of Chemung Financial Corporation (NASDAQ: CHMG) on February 26, 2026, according to a Form 4 filed with the Securities and Exchange Commission. The shares were sold at $56.5591 each, producing a total transaction value of $160,231.
Following the disposition, Dalrymple directly holds 1,351 shares of the regional bank holding company. The filing also discloses his indirect holdings: 234,486 shares through RD Wood, LLC and an additional 10,977 shares held by his spouse.
At the time of the report, CHMG shares were trading at $57.25, giving the company a market capitalization of $274.48 million. Over the past 12 months the stock has returned 15%.
Third-party analysis noted in the filing indicates the stock is trading near its Fair Value. The company also maintains a long-standing dividend record, with 53 consecutive years of dividend payments and a current dividend yield of 2.37%.
In a separate corporate action, Chemung Financial's Board of Directors approved a quarterly cash dividend of $0.34 per common share. The dividend will be payable on April 1, 2026, to shareholders of record as of March 18, 2026, as announced in a company press release. The notice did not include other material corporate developments; no earnings, merger activity, or analyst rating changes were mentioned alongside the dividend announcement.
This combination of insider selling and an approved cash dividend provides a snapshot of recent insider and board activity at the company. The Form 4 filing supplies the specific transaction details while the board release clarifies the timing and amount of the upcoming shareholder distribution.