Current role
Daniel D. Fariello
Personal wealth note: Equibles reports source-backed professional activity and disclosed compensation; it does not estimate personal net worth.
Affiliation history
Recorded current and former roles; source labels appear when available.
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Chemung Financial Corp (CHMG)
Proxy statement
Current
Company network
Recorded roles and earnings-call appearances connecting this person to public companies.
Executive compensation
Compensation components disclosed in company proxy statements. Amounts are nominal USD; total is the company-reported figure.
| Fiscal year | Company | Role | Salary | Total |
|---|---|---|---|---|
| 2025 | Chemung Financial Corp (CHMG) | President, Capital Bank Division | $290,449 | $526,560 |
| 2024 | Chemung Financial Corp (CHMG) | President, Capital Bank Division The amounts shown for salary represent the annual rate of base salary and the amounts shown for bonus represent amounts earned in 2024, 2023 and 2022, respectively. The amounts shown for Mr. Tomson were made under the terms of the 2021 Equity Incentive Plan and reflect the grant date fair value as reported in Note 14 of the Corporation's audited consolidated financial statements contained in the Corporation's 2024 Annual Report on Form 10-K. The awards granted during 2024 are restricted and fully vest on the first anniversary of the grant date. In March 2024, the Compensation Committee changed the Corporation’s incentive compensation payout structure with respect to the NEOs (other than Mr. Tomson) so that incentive compensation would be payable in February following the end of the fiscal year (rather than in December of the applicable year). This change allows the Compensation Committee to consider the financial results of the Corporation for the fiscal year which are generally not available until after the fiscal year end. Accordingly, incentive compensation for fiscal year 2024 was paid in February 2025 and as a result, the NEOs (other than Mr. Tomson) did not receive a stock award grant during 2024. The amounts shown include non-discretionary and matching contributions made by the Bank to the 401(k) Plan, dividends paid on unvested restricted stock, Defined Contribution SERP contributions and perquisites such as car allowance, personal portion of Bank-owned vehicles and club memberships. | $280,577 | $440,675 |
| 2023 | Chemung Financial Corp (CHMG) | President, Capital Bank Division The amounts shown for salary represent the annual rate of base salary and the amounts shown for bonus represent amounts earned in 2024, 2023 and 2022, respectively. The amounts shown for Mr. Tomson were made under the terms of the 2021 Equity Incentive Plan and reflect the grant date fair value as reported in Note 14 of the Corporation's audited consolidated financial statements contained in the Corporation's 2024 Annual Report on Form 10-K. The awards granted during 2024 are restricted and fully vest on the first anniversary of the grant date. In March 2024, the Compensation Committee changed the Corporation’s incentive compensation payout structure with respect to the NEOs (other than Mr. Tomson) so that incentive compensation would be payable in February following the end of the fiscal year (rather than in December of the applicable year). This change allows the Compensation Committee to consider the financial results of the Corporation for the fiscal year which are generally not available until after the fiscal year end. Accordingly, incentive compensation for fiscal year 2024 was paid in February 2025 and as a result, the NEOs (other than Mr. Tomson) did not receive a stock award grant during 2024. The amounts shown include non-discretionary and matching contributions made by the Bank to the 401(k) Plan, dividends paid on unvested restricted stock, Defined Contribution SERP contributions and perquisites such as car allowance, personal portion of Bank-owned vehicles and club memberships. | $257,319 | $477,397 |
| 2022 | Chemung Financial Corp (CHMG) | President, Capital Bank Division The amounts shown for salary represent the annual rate of base salary and the amounts shown for bonus represent amounts earned in 2024, 2023 and 2022, respectively. The amounts shown for Mr. Tomson were made under the terms of the 2021 Equity Incentive Plan and reflect the grant date fair value as reported in Note 14 of the Corporation's audited consolidated financial statements contained in the Corporation's 2024 Annual Report on Form 10-K. The awards granted during 2024 are restricted and fully vest on the first anniversary of the grant date. In March 2024, the Compensation Committee changed the Corporation’s incentive compensation payout structure with respect to the NEOs (other than Mr. Tomson) so that incentive compensation would be payable in February following the end of the fiscal year (rather than in December of the applicable year). This change allows the Compensation Committee to consider the financial results of the Corporation for the fiscal year which are generally not available until after the fiscal year end. Accordingly, incentive compensation for fiscal year 2024 was paid in February 2025 and as a result, the NEOs (other than Mr. Tomson) did not receive a stock award grant during 2024. The amounts shown include non-discretionary and matching contributions made by the Bank to the 401(k) Plan, dividends paid on unvested restricted stock, Defined Contribution SERP contributions and perquisites such as car allowance, personal portion of Bank-owned vehicles and club memberships. | $245,066 | $461,666 |
| 2021 | Chemung Financial Corp (CHMG) | President, Capital Bank Division The amounts shown for salary represent the annual rate of base salary and the amounts shown for bonus represent amounts earned in 2023, 2022 and 2021, respectively. The amounts shown for Mr. Tomson were made under the terms of the 2021 Equity Incentive Plan and reflect the grant date fair value as reported in Note 14 of the Corporation's audited consolidated financial statements contained in the Corporation's 2023 Annual Report on Form 10-K. The awards granted during 2023 are restricted and fully vest on the first anniversary of the grant date. The awards granted during 2022 vested on January 18, 2023. The awards granted during 2021 were fully vested upon grant. The stock awards granted to Mr. Tomson for 2021 include director fees of 31,942. The amounts shown for Messrs. Krebs, Cole, Cosgrove and Fariello represent shares granted under the 2021 Equity Incentive Plan and reflect the grant date fair value as reported in Note 14 of the Corporation’s audited consolidated financial statements contained in the Corporation’s 2023 Annual Report on Form 10-K. Twenty percent of the restricted stock awarded vests each year commencing with the first anniversary date of the award and is 100 percent vested on the fifth anniversary date. For more information on the restricted stock granted, see the “Grants of Plan-Based Awards Table” section. The amount of the awards are determined in the discretion of the Compensation Committee as discussed in the “Elements of Compensation” section. The amounts shown include non-discretionary and matching contributions made by the Bank to the 401(k) Plan, dividends paid on unvested restricted stock, Defined Contribution SERP contributions and perquisites such as car allowance, personal portion of Bank-owned vehicles and club memberships. Mr. Krebs retired from the Bank and the Corporation effective as of July 3, 2023. Mr. McKim joined the Bank and the Corporation effective as of July 3, 2023. Includes a 100,020 restricted stock grant that Mr. McKim received when joining the Bank and the Corporation on July 3, 2023. Twenty percent of the restricted stock awarded vests each year commencing with the first anniversary date of the award and is 100 percent vested on the fifth anniversary date. | $236,003 | $460,555 |
| 2020 | Chemung Financial Corp (CHMG) | President, Capital Bank Division The amounts shown for salary represent the annual rate of base salary and the amounts shown for bonus represent amounts earned in 2022, 2021 and 2020, respectively. The amounts shown for Mr. Tomson were made under the terms of the 2021 Equity Incentive Plan and reflect the grant date fair value as reported in Note 14 of the Corporation's audited consolidated financial statements contained in the Corporation's Form 10-K. The awards granted during 2022 are restricted and fully vest on the first anniversary of the grant date. The awards granted during 2021 and 2020 were fully vested upon grant. The stock awards granted to Mr. Tomson for 2021 and 2020 include director fees in the amounts of 31,942 and 22,337, respectively. The amounts shown for Messrs. Krebs, Cole, Cosgrove and Fariello represent shares granted under the 2021 Equity Incentive Plan and reflect the grant date fair value as reported in Note 14 of the Corporation’s audited consolidated financial statements contained in the Corporation’s Form 10-K. Twenty percent of the restricted stock awarded vests each year commencing with the first anniversary date of the award and is 100 percent vested on the fifth anniversary date. For more information on the restricted stock granted, see the “Grants of Plan-Based Awards Table” section. The amount of the awards are determined in the discretion of the Compensation Committee as discussed in the “Elements of Compensation” section. The amounts shown include non-discretionary and matching contributions made by the Bank to the 401(k) Plan, dividends paid on unvested restricted stock, Defined Contribution SERP contributions and perquisites such as car allowance, personal portion of Bank-owned vehicles and club memberships. | $219,832 | $401,083 |
| 2019 | Chemung Financial Corp (CHMG) | President, Capital Bank Division The amounts shown for salary represent the annual rate of base salary and the amounts shown for bonus represent amounts earned in 2021, 2020 and 2019, respectively. The amounts shown for Mr. Tomson were made under the terms of the 2021 Equity Incentive Plan and reflect the grant date fair value as reported in Note 14 of the Corporation's audited consolidated financial statements contained in the Corporation's Form 10-K. The awards for 2021 are restricted and fully vest on the first anniversary of the grant date. Awards for 2020 and 2019 were fully vested upon grant. The stock awards granted to Mr. Tomson for 2020 and 2019 includes director fees in the amounts of 26,258 and 22,653, respectively. The amounts shown for Messrs. Krebs, Cole, Cosgrove and Fariello represent shares granted under the 2021 Equity Incentive Plan and reflect the grant date fair value as reported in Note 14 of the Corporation’s audited consolidated financial statements contained in the Corporation’s Form 10-K. Twenty percent of the restricted stock awarded vests each year commencing with the first anniversary date of the award and is 100 percent vested on the fifth anniversary date. For more information on the restricted stock granted, see the “Grants of Plan-Based Awards Table” section. The amount of the awards are determined in the discretion of the Compensation Committee as discussed in the “Elements of Compensation” section. The amounts shown include non-discretionary and matching contributions made by the Bank to the 401(k) Plan, dividends paid on unvested restricted stock, Defined Contribution SERP contributions and perquisites such as car allowance, personal portion of Bank-owned vehicles, gas reimbursement, mileage reimbursement (“Automobile Allowance/Usage”) and club memberships. | $195,700 | $341,821 |
Recent activity
No earnings-call appearances or filed executive changes recorded yet.