ERIC STICKELS - 15 Mar 2024 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 Mar 2024
Transactions value $
$18,847
Form type
4
Filing time
19 Mar 2024, 12:05:36 UTC
Previous filing
16 Nov 2023
Next filing
21 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 $18,847 +432 +1.25% $43.65 34,889 15 Mar 2024 Direct
holding CBU Common Stock 14,507 15 Mar 2024 By Wife's Community Bank System, Inc. 401(k) F1

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 -432 -18.78% $0 1,867 15 Mar 2024 Common Stock 431 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The number of shares reported herein were acquired pursuant to Community Bank System, Inc.'s 401(K) Plan and are based on a current plan statement.
F2 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.
F3 Includes 94.1994 units of phantom stock acquired as dividend equivalents under the Plan.