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Chemung Financial Executive Compensation (FY25)

CHMG · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Anders Tomson
Latest say-on-pay support
=
June 2, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 22, 2026Latest filing (8-K): June 2, 2026
15 filings cited on this page
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255 figures on this page: 244 cited to the filing that reported them, 11 calculated from figures it prints. See the citations

More on Chemung Financial

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Anders Tomson: $1,364,070 → $1,417,130 (3.9% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Chemung Financial's chief executive and what were they paid?
Total compensation for Anders Tomson, President and CEO, came to $1,417,130 in fiscal 2025. Tomson's total was 3.9% higher than the $1,364,070 reported for fiscal 2024.
What was Chemung Financial's say-on-pay result?
The say-on-pay proposal drew 96.3% support at the meeting held June 2, 2026 for fiscal 2025.
Which companies are in Chemung Financial's peer group?
The disclosed peer group names ACNB Corp., Arrow Financial Corp., Bar Harbor Bankshares, Inc., Citizens & Northern Corp. and Citizens Financial Services, Inc., among others.
What is Chemung Financial's chief executive pay ratio?
The company reported a chief executive pay ratio of 29:1 for fiscal 2025, against median employee compensation of $49,514.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Anders Tomson
President & CEO
◇◇◇———◇◇
Karl Krebs
Executive Vice President, CFO and Treasurer
◇◇◇———◇◇
Peter Cosgrove
Executive Vice President, CCO and CRO
◇◇◇———◇◇
Daniel Fariello
President, Capital Bank Division
◇◇◇———◇◇
Loren Cole
Executive Vice President and CIO
◇◇◇———◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Anders Tomson
President & CEO
◇◇◇———◇◇
Peter Cosgrove
Executive Vice President, CCO and CRO
◇◇◇———◇◇
Loren Cole
Executive Vice President and CIO
◇◇◇———◇◇
Daniel Fariello
President, Capital Bank Division
◇◇◇———◇◇
Dale McKim III
Executive Vice President, CFO and Treasurer
◇◇◇———◇◇
Karl Krebs
Former Executive Vice President, CFO and Treasurer
Departed during or after this year
◇◇————◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Anders Tomson
President and CEO
◇◇◇———◇◇
Dale McKim III
Executive Vice President, CFO and Treasurer
◇◇————◇◇
Peter Cosgrove
Executive Vice President and CCO
◇◇————◇◇
Daniel Fariello
President, Capital Bank Division
◇◇————◇◇
Loren Cole
Executive Vice President and CIO
◇◇————◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Anders Tomson
President and CEO
◇◇◇———◇◇
Dale McKim III
Executive Vice President, CFO and Treasurer
◇◇◇———◇◇
Jeffrey Kenefick
Regional President
◇◇◇———◇◇
Peter Cosgrove
Executive Vice President and CCO
◇◇◇———◇◇
Daniel Fariello
President, Capital Bank Division
◇◇◇———◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Anders TomsonRSU◇——◇——◇
Dale McKim IIIRSU◇——◇——◇
Daniel FarielloRSU◇——◇——◇
Jeffrey KenefickRSU◇——◇——◇
Peter CosgroveRSU◇——◇——◇
Fiscal 2022, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Daniel FarielloRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Jeffrey KenefickRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Anders TomsonRSU◇◇——
Peter CosgroveRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Dale McKimRSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Anders Tomson
President and CEO · Change-in-control agreement
Change-in-control multiple◇
Dale McKim III
Chief Financial Officer · Change-in-control agreement
Change-in-control multiple◇
Daniel Fariello
President, Capital Bank Division · Change-in-control agreement
Change-in-control multiple◇
Jeffrey Kenefick
Regional President · Change-in-control agreement
Change-in-control multiple◇
Peter Cosgrove
Executive Vice President and CCO · Change-in-control agreement
Change-in-control multiple◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David J. Dalrymple
Board chair
◇◇———◇◇
David M. Buicko
◇◇———◇◇
Robert H. Dalrymple
◇◇———◇◇
G. Thomas Tranter Jr
◇◇———◇◇
Ronald M. Bentley
◇◇———◇◇
Thomas R. Tyrrell
◇◇———◇◇
Stephen M. Lounsberry III
◇◇———◇◇
Raimundo C. Archibold Jr
◇◇———◇◇
Joseph F. Meade IV
◇◇———◇◇
Richard E. Forrestel Jr
◇◇———◇◇
Denise V. Gonick
◇◇———◇◇
Jeffrey B. Streeter
◇◇———◇◇
Anders M. Tomson served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • ACNB Corp. ACNB
  • Arrow Financial Corp. AROW
  • Bar Harbor Bankshares, Inc. BHB
  • Citizens & Northern Corp. CZNC
  • Citizens Financial Services, Inc. CZFS
  • Civista Bancshares, Inc. CIVB
  • ENB Financial Corp. ENBP
  • Farmers National Banc Corp. FMNB
  • Fidelity D & D Bancorp, Inc. FDBC
  • Financial Institutions, Inc. FISI
  • Franklin Financial Services Corp. FRAF
  • Greene County Bancorp, Inc. GCBC
  • LCNB Corp. LCNB
  • Mid Penn Bancorp, Inc. MPB
  • Orange County Bancorp, Inc. OBT
  • Orrstown Financial Services, Inc. ORRF
  • Peoples Financial Services, Inc. PFIS
  • Pioneer Bancorp, Inc. PBFS
  • Rhinebeck Bancorp, Inc. RBKB
  • SB Financial Group, Inc. SBFG
  • The First Bancorp, Inc. FNLC

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 2, 2026=◇◇◇
2024June 3, 2025=◇◇◇
2023June 4, 2024=◇◇◇
2022June 6, 2023=◇◇◇
2021June 7, 2022=◇◇◇
2020June 8, 2021=◇◇◇
2019May 13, 2020=◇◇◇
2018May 9, 2019=◇◇◇
2017May 10, 2018=◇◇◇
2016May 11, 2017=◇◇◇
2015May 12, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Anders Tomson (President and CEO), FY2025 total compensation $1,417,130 (base salary $720,300) [exec_comp, SEC accession 0000763563-26-000009, filed 2026-04-23]

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What this page does not include

Everything above is a fact Chemung Financial disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Chemung Financial sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
255 figures on this page: 244 cited to the filing that reported them, 11 calculated from figures it prints.
244 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001171843-26-003883
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0000763563-26-000009
    2025 Director Compensation Table · BASIC ANNUAL RETAINER FEES ( · Outstanding Equity Awards at December 31, 2025 Table · Proxy severance section · and 1 more section
  3. 0001171843-25-003641
  4. 0000763563-25-000066
    Summary Compensation Table
  5. 0001171843-24-003280
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0000763563-24-000052
  7. 0001171843-23-003803
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0000763563-23-000051
  9. 0001171843-22-004205
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001171843-21-004224
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001171843-20-003675
  12. 0001171843-19-003241
  13. 0001171843-18-003836
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001171843-17-003031
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0001171843-16-010037
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Chemung Financial executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/CHMG (accessed 2026).
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The paid brief for Chemung Financial

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
15 filings cited on this page
Method: intel.velarion.ai/methodology
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Published by Velarion Company Intelligence
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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Peers Chemung Financial discloses

The companies named in CHMG's own disclosed peer group.

ACNB Corp.Arrow Financial Corp.Bar Harbor Bankshares, Inc.Citizens & Northern Corp.Citizens Financial Services, Inc.Civista Bancshares, Inc.ENB Financial Corp.Farmers National Banc Corp.Fidelity D & D Bancorp, Inc.Financial Institutions, Inc.Franklin Financial Services Corp.Greene County Bancorp, Inc.LCNB Corp.Mid Penn Bancorp, Inc.Orange County Bancorp, Inc.Orrstown Financial Services, Inc.Peoples Financial Services, Inc.Pioneer Bancorp, Inc.Rhinebeck Bancorp, Inc.SB Financial Group, Inc.The First Bancorp, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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