Thomas F. Cherry, who serves as both President and Chief Executive Officer of C & F Financial Corp (NASDAQ:CFFI), has executed a divestiture of company equity amounting to $13,282. The transaction involved the sale of common stock over a two-day period, with execution prices falling within a narrow band of $77.50 to $78.50 per share.
On June 11, 2026, Mr. Cherry offloaded 30 shares of C & F Financial Corp common stock at a price of $78.50 per share. The subsequent trading day, June 12, 2026, saw him sell an additional 141 shares at $77.50 each. Following these disposals, his direct ownership position in the company stands at 39,369 shares of common stock.
Concurrent with these executive transactions, C&F Financial Corporation has announced its regular cash dividend structure. The company declared a dividend of 48 cents per share, which is scheduled to be paid on July 1, 2026. Eligible shareholders are those who are on the company's books as of the record date, June 15, 2026.
Furthermore, the corporation has finalized the divestiture of its interest in Bearing Insurance Group, LLC. This transaction is projected to yield an estimated pre-tax gain of approximately $8.3 million. Management indicates that this financial benefit will be incorporated into the company's reported results for the second quarter of 2026.
In addition to financial and executive updates, C&F Financial conducted its annual shareholder meeting. During this gathering, investors elected five Class III directors to the board. All other proposals submitted for consideration at the meeting were also approved by the shareholders. These developments collectively outline recent operational and governance activities at C&F Financial.