ERIC STICKELS - 15 Nov 2023 Form 4 Insider Report for COMMUNITY BANK SYSTEM, INC. (CBU)

Role
Director
Signature
Danielle M. Cima, pursuant to a Confirming Statement executed by Eric E. Stickels
Issuer symbol
CBU
Transactions as of
15 Nov 2023
Transactions value $
$13,624
Form type
4
Filing time
16 Nov 2023, 16:00:38 UTC
Previous filing
17 Mar 2023
Next filing
19 Mar 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 $13,624 +304 +0.89% $44.87 34,458 15 Nov 2023 Direct
holding CBU Common Stock 14,005 15 Nov 2023 By Wife's Community Bank System, Inc. 401(k)

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) Options Exercise $0 -304 -12% $0 2,204 15 Nov 2023 Common Stock 303 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.