Mark J. Bolus - Jan 15, 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 Mark J. Bolus
Stock symbol
CBU
Transactions as of
Jan 15, 2025
Transactions value $
$0
Form type
4
Date filed
1/17/2025, 03:44 PM
Previous filing
Nov 7, 2024
Next filing
Mar 20, 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 +712 +0.7% $0.00 102K Jan 15, 2025 Direct F1, F2
holding CBU Common Stock 5.71K Jan 15, 2025 By Austin Bolus Trust F3
holding CBU Common Stock 7.81K Jan 15, 2025 By Mark Bolus Trust F4
holding CBU Common Stock 5.71K Jan 15, 2025 By Noah Bolus Trust F3
holding CBU Common Stock 5.71K Jan 15, 2025 By Paige Bolus Trust F3
holding CBU Common Stock 5.71K Jan 15, 2025 By Taylor Bolus Trust F3

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 -712 -21.04% $0.00 2.67K Jan 15, 2025 Common Stock 712 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 15, 2025, the reporting person's deferred stock units were settled for 712 shares of Community Financial System, Inc. common stock, and .0872 shares were settled in cash at the price of $61.60 per share.
F2 Includes 2,129.519 shares acquired pursuant to the Community Financial System, Inc. Dividend Reinvestment Plan.
F3 Includes 154.057 shares acquired pursuant to the Community Financial System, Inc. Dividend Reinvestment Plan.
F4 Includes 210.808 shares acquired pursuant to the Community Financial System, Inc. Dividend Reinvestment Plan.
F5 The reporting person has received deferred stock units under the Community Financial 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 Financial System, Inc. common stock and will be settled in common stock at a predetermined date.
F6 Includes 103.1993 units of phantom stock acquired as dividend equivalents under the Plan.