ERIC STICKELS - 14 Apr 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
Issuer symbol
CBU
Transactions as of
14 Apr 2025
Net transactions value
$0
Form type
4
Filing time
16 Apr 2025, 16:06:15 UTC
Previous filing
19 Mar 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 +0.01% $0.000000 35,342 14 Apr 2025 Direct F1
holding CBU Common Stock 14,908 14 Apr 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 -3 -0.07% $0.000000 4,165 14 Apr 2025 Common Stock 3 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 phantom stock units were settled for 3 shares of Community Financial System, Inc. common stock, and .8351 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 30.0748 units of phantom stock acquired on April 10, 2025 under the Plan's dividend reinvestment feature.