John M. McKenna, Executive Vice President and President of Tompkins Community Bank at Tompkins Financial Corp (NYSE: TMP), filed a Form 4 on August 10, 2026, reporting transactions in common stock and Stock Appreciation Rights dated August 7, 2026.

Key Highlights

  • SAR exercise: McKenna exercised 802 Stock Appreciation Rights at a conversion price of $76.90, acquiring 802 shares of common stock on August 7, 2026.
  • Shares withheld: 712 shares were disposed of at $98.73 per share to cover option cost and taxes, according to the filing.
  • Direct holdings after transactions: McKenna directly owned 16,572.915 shares of common stock following the reported transactions.
  • Indirect holdings: McKenna also held 2,433.2255 shares indirectly through a 401(K) ESOP and 135.0365 shares through a 401(K) ISOP.
  • SAR expiration: The exercised SARs were set to expire on November 9, 2026, and were granted under the Tompkins Financial Corporation 2009 Equity Plan.
  • SAR settlement: According to the filing, the SARs were settled in common stock of the company upon exercise.

McKenna SAR Exercise and Share Withholding at Tompkins Financial

According to the Form 4 filed on August 10, 2026, John M. McKenna, who serves as Executive Vice President and President of Tompkins Community Bank, reported two transactions in Tompkins Financial Corp common stock on August 7, 2026. The first was the exercise of 802 Stock Appreciation Rights (SARs) with a conversion price of $76.90, coded as transaction type "M," which resulted in the acquisition of 802 shares of common stock. The SARs had a remaining balance of zero following the exercise.

The filing also reports that 712 shares were disposed of on the same date at a price of $98.73 per share, under transaction code "F." A footnote in the filing identifies these as "Shares withheld for Option cost and taxes." Following both transactions, McKenna held 16,572.915 shares of common stock directly.

The filing notes that the exercised SARs were granted under the Tompkins Financial Corporation 2009 Equity Plan, with a five-year vesting schedule described as "0% vesting in year one and 25% vesting in years two through five." The SARs carried an expiration date of November 9, 2026, ten years from the original grant date. In addition to direct holdings, McKenna held 2,433.2255 shares indirectly through a 401(K) ESOP and 135.0365 shares through a 401(K) ISOP.

What Was Disclosed

The filing disclosed the exercise of 802 SARs and the withholding of 712 shares for taxes and option cost by an officer of Tompkins Financial Corp, resulting in direct beneficial ownership of 16,572.915 shares as of August 7, 2026.