Tompkins Financial Unveils New Executive Retirement Plans with Enhanced Contributions

Reuters
2025/12/18
<a href="https://laohu8.com/S/TMP">Tompkins Financial</a> Unveils New Executive Retirement Plans with Enhanced Contributions

Tompkins Financial Corporation has announced new supplemental executive retirement plans for key executives Matthew D. Tomazin and Stephen S. Romaine, effective December 16, 2025. Under the new defined contribution plan, Tomazin, Executive Vice President, Chief Financial Officer, and Treasurer, will receive annual contributions equal to 20% of his base pay, with interest credited quarterly at an annual rate of Prime plus 1%. Tomazin will become fully vested in the plan’s balance after six years, with additional vesting upon reaching age 58 and full vesting at age 63 if still employed. Stephen S. Romaine, President and Chief Executive Officer, will receive annual contributions to his plan equal to 15% of his base pay, also with quarterly interest at Prime plus 1%. Romaine becomes fully vested upon reaching age 63 or upon a change in control of the company. He may begin receiving benefits from his plan no earlier than age 63. Additionally, an amendment to Romaine’s existing defined benefit supplemental executive retirement agreement revises the calculation of "earnings" to use 50% of the greater of the senior incentive paid or 70% of the target senior incentive for any applicable year.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tompkins Financial Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001999371-25-020552), on December 17, 2025, and is solely responsible for the information contained therein.

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