Jason E. Long, who serves as the Executive Vice President and Chief Financial Officer for C&F Financial Corporation, has reduced his direct equity position in the company. On June 5, 2026, Long executed a transaction involving the sale of 1,360 shares of C&F Financial's common stock. The total value of this divestment was recorded at $102,680, based on a per-share price of $75.50.
Following the completion of this sale, Long's direct holdings in C&F Financial common stock stand at 10,083 shares. This transaction represents a specific reduction in insider ownership and provides a snapshot of executive equity movement within the financial services sector.
Parallel to the insider transaction, C&F Financial Corporation announced the declaration of a regular cash dividend. The dividend is set at 48 cents per share. The payment is scheduled for July 1, 2026, and eligibility is determined by shareholder records as of June 15, 2026. This dividend announcement reflects the company's ongoing capital distribution strategy to its equity holders.
Additionally, the company disclosed the finalization of the sale of its stake in Bearing Insurance Group, LLC. This strategic divestment is projected to yield an estimated pre-tax gain of approximately $8.3 million. The financial impact of this transaction is anticipated to be captured within the second quarter of 2026 financial results, providing a one-time boost to the company's earnings for that period.
In corporate governance matters, C&F Financial held its annual meeting for shareholders. During this meeting, the company successfully elected five Class III directors to the board. All other proposals presented to the shareholders were approved. The meeting achieved a quorum with 2,687,415 shares represented, indicating active shareholder participation in the company's governance and strategic direction.