Mark J. Bolus - Apr 14, 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
Apr 14, 2025
Transactions value $
$0
Form type
4
Date filed
4/16/2025, 03:41 PM
Previous 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 +12 +0.01% $0.00 104K Apr 14, 2025 Direct F1
holding CBU Common Stock 7.87K Apr 14, 2025 By Mark Bolus Trust
holding CBU Common Stock 220 Apr 14, 2025 By daughter, Taylor Bolus
holding CBU Common Stock 220 Apr 14, 2025 By daughter, Paige Bolus
holding CBU Common Stock 221 Apr 14, 2025 By son, Austin Bolus
holding CBU Common Stock 221 Apr 14, 2025 By son, Noah Bolus
holding CBU Common Stock 5.75K Apr 14, 2025 By Taylor Bolus Trust
holding CBU Common Stock 5.75K Apr 14, 2025 By Paige Bolus Trust
holding CBU Common Stock 5.75K Apr 14, 2025 By Austin Bolus Trust
holding CBU Common Stock 5.75K Apr 14, 2025 By Noah Bolus Trust

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 -12 -0.48% $0.00 2.48K Apr 14, 2025 Common Stock 12 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 14, 2025, the reporting person's deferred stock units were settled for 12 shares of Community Financial System, Inc. common stock, and .7835 shares were settled in cash at the price of $51.47 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 23.883 units of phantom stock acquired on April 10, 2025 under the Plan's dividend reinvestment feature.