Eric Stickels - Mar 17, 2025 Form 4 Insider Report for COMMUNITY FINANCIAL SYSTEM, INC. (CBU)

Role
Director
Signature
Danielle M. Cima, pursuant to a Confirming Statement executed by Eric E. Stickels
Stock symbol
CBU
Transactions as of
Mar 17, 2025
Transactions value $
$0
Form type
4
Date filed
3/18/2025, 09:53 AM
Previous filing
Mar 21, 2024
Next filing
Mar 19, 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 +451 +1.29% $0.00 35.3K Mar 17, 2025 Direct F1
holding CBU Common Stock 14.9K Mar 17, 2025 By Wife's Community Financial 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 -451 -13.4% $0.00 2.91K Mar 17, 2025 Common Stock 451 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 17, 2025, the reporting person's phantom stock units were settled for 451 shares of Community Financial System, Inc. common stock, and .3719 shares were settled in cash at the price of $57.23 per share
F2 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.
F3 Includes 102.5299 units of phantom stock acquired as dividend equivalents under the Plan.