Jeffery J. Knauss - Mar 14, 2023 Form 4 Insider Report for COMMUNITY BANK SYSTEM, INC. (CBU)

Role
Director
Signature
/s/ Danielle M. Cima, pursuant to a Confirming Statement executed by Jeffery J. Knauss
Stock symbol
CBU
Transactions as of
Mar 14, 2023
Transactions value $
$0
Form type
4
Date filed
3/15/2023, 12:56 PM
Previous filing
Mar 16, 2022
Next filing
Mar 15, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CBU Common Stock Options Exercise $0 +662 +250.63% $0.00 926 Mar 15, 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CBU Phantom Stock (Deferred Stock Units) Award $0 +1.15K +174.41% $0.00 1.82K Mar 14, 2023 Common Stock 1.15K Direct F1, F2
transaction CBU Phantom Stock (Deferred Stock Units) Options Exercise $0 -662 -36.44% $0.00 1.15K Mar 15, 2023 Common Stock 662 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person has received deferred stock units under the Community Bank System, Inc. 2022 Long-Term Incentive Plan, as amended (the "Plan"). Each phantom stock unit which represents a deferred stock unit is the economic equivalent of one share of Community Bank System, Inc. common stock and will be settled in common stock at a predetermined date.
F2 Includes 17.6714 units of phantom stock acquired as dividend equivalents under the Plan.