Tompkins Financial Insider Sale: SVP Kershaw Sells $50,282 of Shares
Tompkins Financial SVP David Kershaw sold 500 shares for $50,282 while also receiving restricted stock. Here is what the filing shows and how to read it.
In this article
A senior executive at Tompkins Financial Corp. has reported a stock sale worth $50,282, according to filings covered by Investing.com. The transaction is small, but insider filings like this are a routine data point that stock traders watch when assessing sentiment around a company.
Key takeaways
- David Kershaw, Senior Vice President and Principal Accounting Officer, sold 500 common shares of Tompkins Financial (TMP).
- The sale was at an average price of $100.5654 per share, totalling $50,282.
- On the same filings he received a restricted stock grant worth $38,792 and gave up some shares to cover taxes.
- Even after the transactions he still holds thousands of shares, directly and indirectly.
What the filings show
According to Investing.com, Kershaw disposed of 500 shares of Tompkins Financial common stock at an average price of $100.5654 per share. MarketBeat reports that the sale took place on Tuesday, November 10th, and that it was disclosed in a filing with the Securities & Exchange Commission.
The same reports describe other movements. Kershaw acquired 385 shares at $100.76 per share, totalling $38,792. This was a grant of restricted stock under the Tompkins Financial Corporation 2027 Equity Incentive Plan. In addition, a total of 143 shares were disposed of at $100.76 per share, amounting to $14,408, and these were handed to the issuer to cover tax obligations when restricted stock vested.
Put simply, part of the headline "sale" sits alongside a new equity award, so the net change in his holdings is smaller than the sale figure alone suggests.
Holdings after the transactions
Investing.com says Kershaw directly holds 5,109.155 shares of Tompkins Financial common stock. He also holds 866.9387 shares indirectly through a 401(k) and 2,847.6576 shares indirectly through an Employee Stock Ownership Plan. Different outlets calculate "remaining position" differently, so figures quoted elsewhere may not match exactly.
How traders might read insider sales
Insider selling can happen for many reasons, including taxes, diversification, personal cash needs or scheduled compensation events. A modest sale by an accounting officer, paired with a stock grant, is generally less informative than large, clustered sales by several top executives. Traders who follow insider activity often look at the size of the sale relative to total holdings, whether it repeats, and whether it was pre-planned.
For context, MarketBeat lists a one-year low of $64.16 and a one-year high of $105.18 for the stock, meaning the sale price was near the upper end of that range.
Wider market backdrop
This story is company-specific and has no direct link to currencies or crypto. For general context, our snapshot at 20:52 UTC on Saturday showed Bitcoin at 65,366.00, down 5.18% on the day, and Ethereum at 1,819.58, down 6.69%. EUR/USD stood at 1.10280, down 0.28%. Weekend quotes for some assets can be thin, so treat day ranges with caution.
What to watch next
- Any further Form 4 filings from Tompkins Financial executives or directors.
- How TMP trades when US markets reopen on Monday.
- The company's next earnings and dividend announcements.
Markets are volatile and this article is for education only; it is not investment advice.
Frequently asked questions
Who sold the Tompkins Financial shares?
David Kershaw, Senior Vice President and Principal Accounting Officer at Tompkins Financial Corp., reported the sale of 500 common shares.
How much was the sale worth and at what price?
The sale totalled $50,282, at an average price of $100.5654 per share, according to Investing.com.
Does an insider sale mean the stock will fall?
Not necessarily. Insiders sell for many reasons, such as tax needs or diversification, and a small sale alongside a stock grant is often routine. It is one data point among many.