Sally A. Steele - Jan 2, 2025 Form 4 Insider Report for COMMUNITY FINANCIAL SYSTEM, INC. (CBU)

Role
Director
Signature
/s/ Danielle M. Cima, pursuant to a Confirming Statement executed by Sally A. Steele
Stock symbol
CBU
Transactions as of
Jan 2, 2025
Transactions value $
$0
Form type
4
Date filed
1/6/2025, 02:34 PM
Previous filing
Apr 16, 2024
Next filing
Jan 14, 2025
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 +3.66K +10.44% $0.00 38.8K Jan 2, 2025 Direct F1
holding CBU Common Stock 4.59K Jan 2, 2025 Joint with brother

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 Compensation) Options Exercise $0 -3.66K -100% $0.00 0 Jan 2, 2025 Common Stock 3.66K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 2, 2025, the reporting person's phantom stock units were settled for 3,663 shares of Community Financial System, Inc. common stock, and .5912 shares were settled in cash at the price of $61.68 per share.
F2 Each unit of phantom stock is the economic equivalent of one share of Community Financial System, Inc. common stock. The units of phantom stock relating to the Deferred Compensation Plan will be settled in Community Financial System, Inc. common stock at future dates selected by the reporting person.
F3 Includes 165.9356 units of phantom stock acquired under the Deferred Compensation Plan's dividend reinvestment feature.