CHMG · Chemung Financial Corp

$76.74 -0.30 (-0.39%) At close · Jul 21

Market Cap

$354.74M

4.82M

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2025

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Anders M. Tomson	CEO	$720,300	$250,000	$230,044	—	—	$216,786	$1,417,130
Dale M. McKim III	CFO	$352,170	$105,000	$100,253	—	—	$107,239	$664,661
Jeffrey P. Kenefick	Executive Vice President of the Bank and Regional President of the Bank ; Regional President of the Bank ; Senior Vice President (2019-2021); Executive Vice President, Commercial & Strategic Development and Regional President, Five Star Bank ; Executive Vice President, Commercial Banking and Regional President (2013-2016). Mr. Kenefick has been with the Bank since 2019.	$281,409	$81,000	$75,215	—	—	$95,139	$532,763
Peter K. Cosgrove	Executive Vice President and Chief Credit Officer ; Executive Vice President, Chief Credit Officer and Chief Risk Officer ; Executive Vice President and Chief Credit Officer ; Regional Sales Executive, East Region, at KeyBank ; and member of the Merger Integration Leadership Team at KeyBank (2015-2017). Mr. Cosgrove has been with the Bank since 2019.	$280,340	$75,000	$75,215	—	—	$100,952	$531,508
Daniel D. Fariello	Executive Vice President of the Bank and President of Capital Bank, a division of Chemung Canal Trust Company ; President of Capital Bank, a division of Chemung Canal Trust Company ; Senior Vice President of Capital Bank ; Relationship Manager (Commercial Loan Officer) of First Niagara Bank N.A. . Mr. Fariello has been with the Bank since 2013.	$290,449	$75,000	$72,681	—	—	$88,430	$526,560

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Anders M. Tomson	CEO	$710,384	$230,000	$220,007	—	—	$203,679	$1,364,070
Dale M. McKim III	CFO	$340,200	$100,000	—	—	—	$113,266	$553,466
Peter K. Cosgrove	Executive Vice President and Chief Credit Officer ; Executive Vice President, Chief Credit Officer and Chief Risk Officer ; Executive Vice President and Chief Credit Officer ; Regional Sales Executive, East Region, at KeyBank ; and member of the Merger Integration Leadership Team at KeyBank (2015-2017). Mr. Cosgrove has been with the Bank since 2019.	$281,278	$75,000	—	—	—	$96,564	$452,842
Daniel D. Fariello	Executive Vice President of the Bank and President of Capital Bank, a division of Chemung Canal Trust Company ; President of Capital Bank, a division of Chemung Canal Trust Company ; Senior Vice President of Capital Bank ; Relationship Manager (Commercial Loan Officer) of First Niagara Bank N.A. . Mr. Fariello has been with the Bank since 2013.	$280,577	$72,500	—	—	—	$87,598	$440,675
Loren D. Cole	CIO	$277,162	$75,000	—	—	—	$86,692	$438,854

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Anders M. Tomson	CEO	$655,385	$220,000	$210,038	—	—	$197,675	$1,283,098
Peter K. Cosgrove	Executive Vice President and Chief Credit Officer ; Executive Vice President, Chief Credit Officer and Chief Risk Officer ; Executive Vice President and Chief Credit Officer ; Regional Sales Executive, East Region, at KeyBank ; and member of the Merger Integration Leadership Team at KeyBank (2015-2017). Mr. Cosgrove has been with the Bank since 2019.	$260,442	$72,500	$72,545	—	—	$91,736	$497,223
Loren D. Cole	CIO	$254,188	$75,000	$75,047	—	—	$81,551	$485,786
Daniel D. Fariello	Executive Vice President of the Bank and President of Capital Bank, a division of Chemung Canal Trust Company ; President of Capital Bank, a division of Chemung Canal Trust Company ; Senior Vice President of Capital Bank ; Relationship Manager (Commercial Loan Officer) of First Niagara Bank N.A. . Mr. Fariello has been with the Bank since 2013.	$257,319	$70,000	$70,043	—	—	$80,035	$477,397
Dale M. McKim III	CFO	$136,904	$65,000	$165,060	—	—	$53,364	$420,328
Karl F. Krebs	CFO	$195,435	$104,036	—	—	—	$67,937	$367,408

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Anders M. Tomson	CEO	$600,000	$210,000	$181,517	—	—	$185,382	$1,176,899
Karl F. Krebs	CFO	$276,533	$82,500	$82,544	—	—	$83,235	$524,812
Peter K. Cosgrove	Executive Vice President and Chief Credit Officer ; Executive Vice President, Chief Credit Officer and Chief Risk Officer ; Executive Vice President and Chief Credit Officer ; Regional Sales Executive, East Region, at KeyBank ; and member of the Merger Integration Leadership Team at KeyBank (2015-2017). Mr. Cosgrove has been with the Bank since 2019.	$248,040	$75,000	$75,024	—	—	$86,172	$484,236
Daniel D. Fariello	Executive Vice President of the Bank and President of Capital Bank, a division of Chemung Canal Trust Company ; President of Capital Bank, a division of Chemung Canal Trust Company ; Senior Vice President of Capital Bank ; Relationship Manager (Commercial Loan Officer) of First Niagara Bank N.A. . Mr. Fariello has been with the Bank since 2013.	$245,066	$72,500	$72,532	—	—	$71,568	$461,666
Loren D. Cole	CIO	$236,454	$70,000	$70,041	—	—	$77,358	$453,853

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Anders M. Tomson	CEO	$518,000	$181,500	$157,515	—	—	$159,127	$1,016,142
Karl F. Krebs	CFO	$268,789	$88,000	$88,038	—	—	$82,386	$527,213
Peter K. Cosgrove	Executive Vice President and Chief Credit Officer ; Executive Vice President, Chief Credit Officer and Chief Risk Officer ; Executive Vice President and Chief Credit Officer ; Regional Sales Executive, East Region, at KeyBank ; and member of the Merger Integration Leadership Team at KeyBank (2015-2017). Mr. Cosgrove has been with the Bank since 2019.	$238,867	$79,750	$79,786	—	—	$81,728	$480,131
Daniel D. Fariello	Board Member	$236,003	$77,000	$77,004	—	—	$70,548	$460,555
Loren D. Cole	CIO	$227,710	$74,250	$74,269	—	—	$71,015	$447,244

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Anders M. Tomson	CEO	$480,000	$157,500	$125,054	—	—	$151,223	$902,748
Louis C. DiFabio	Board Member	$225,017	$110,000	—	—	—	$75,010	$515,770
Karl F. Krebs	CFO	$256,186	$108,500	$46,525	—	—	$83,276	$494,487
Peter K. Cosgrove	Executive Vice President and Chief Credit Officer ; Executive Vice President, Chief Credit Officer and Chief Risk Officer ; Executive Vice President and Chief Credit Officer ; Regional Sales Executive, East Region, at KeyBank ; and member of the Merger Integration Leadership Team at KeyBank (2015-2017). Mr. Cosgrove has been with the Bank since 2019.	$232,010	$77,000	$33,032	—	—	$76,868	$418,910
Loren D. Cole	CIO	$216,542	$84,000	$36,019	—	—	$69,193	$405,754
Daniel D. Fariello	Board Member	$219,832	$80,500	$34,507	—	—	$66,244	$401,083

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Anders M. Tomson	CEO	$460,000	$125,000	$115,637	—	—	$162,833	$863,470
Louis C. DiFabio	Board Member	$211,714	$35,000	$40,000	—	—	$77,243	$485,309
Karl F. Krebs	CFO	$235,540	$62,500	$67,500	—	—	$89,436	$454,976
Loren D. Cole	CIO	$196,283	$42,500	$47,500	—	—	$60,066	$346,349
Daniel D. Fariello	Board Member	$195,700	$35,000	$40,000	—	—	$71,121	$341,821
Peter K. Cosgrove	Executive Vice President and Chief Credit Officer ; Executive Vice President, Chief Credit Officer and Chief Risk Officer ; Executive Vice President and Chief Credit Officer ; Regional Sales Executive, East Region, at KeyBank ; and member of the Merger Integration Leadership Team at KeyBank (2015-2017). Mr. Cosgrove has been with the Bank since 2019.	$78,144	$15,000	$17,500	—	—	$18,821	$129,465

Fiscal 2018

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Anders M. Tomson	CEO	$417,000	$125,000	$125,039	—	—	$134,958	$801,997
Karl F. Krebs	CFO	$225,361	$65,000	$65,010	—	—	$84,443	$439,814
Louis C. DiFabio	Board Member	$194,327	$20,000	$50,000	—	—	$74,305	$338,632
Loren D. Cole	CIO	$175,773	$40,000	$40,000	—	—	$13,229	$269,002

Key facts CIK 763563 CUSIP 164024101 13F (30d) 12 filings 11 filers Visit website Investor relations