Mark J. Bolus - Mar 18, 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
Mar 18, 2025
Transactions value $
$0
Form type
4
Date filed
3/20/2025, 11:34 AM
Previous filing
Jan 17, 2025
Next filing
Apr 16, 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 +1.43K +1.4% $0.00 104K Mar 19, 2025 Direct F1, F2
holding CBU Common Stock 5.75K Mar 18, 2025 By Austin Bolus Trust F3
holding CBU Common Stock 7.87K Mar 18, 2025 By Mark Bolus Trust F4
holding CBU Common Stock 5.75K Mar 18, 2025 By Noah Bolus Trust F3
holding CBU Common Stock 5.75K Mar 18, 2025 By Paige Bolus Trust F3
holding CBU Common Stock 5.75K Mar 18, 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) Award $0 +1.23K +45.83% $0.00 3.9K Mar 18, 2025 Common Stock 1.23K Direct F5
transaction CBU Phantom Stock (Deferred Stock Units) Options Exercise $0 -1.43K -36.69% $0.00 2.47K Mar 19, 2025 Common Stock 1.43K Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 19, 2025, the reporting person's phantom stock units were settled for 1,430 shares of Community Financial System, Inc. common stock, and .3732 shares were settled in cash at the price of $58.10 per share.
F2 Includes 616.63 shares acquired on January 10, 2025 pursuant to the Community Financial System, Inc. Dividend Reinvestment Plan.
F3 Includes 44.508 shares acquired on January 10, 2025 pursuant to the Community Financial System, Inc. Dividend Reinvestment Plan.
F4 Includes 60.946 shares acquired on January 10, 2025 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.