Michele Sullivan - 21 Mar 2024 Form 4 Insider Report for COMMUNITY BANK SYSTEM, INC. (CBU)

Role
Director
Signature
/s/ Danielle M. Cima, pursuant to Confirming Statement executed by Michele Sullivan
Issuer symbol
CBU
Transactions as of
21 Mar 2024
Transactions value $
$12,500
Form type
4
Date filed
22 Mar 2024, 15:44
Previous filing
20 Mar 2024
Next filing
21 Jun 2024
SEC
View on sec.gov

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 Deferred Stock (Deferred Compensation) Award $12.5K +272 $45.98 272 21 Mar 2024 Common Stock 272 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each unit of phantom stock is the economic equivalent of one share of Community Bank System, Inc. common stock. The units of phantom stock relating to the Deferred Compensation Plan will be settled in Community Bank System, Inc. common stock at future dates selected by the reporting person.