Jeffrey L. Davis - 16 Dec 2021 Form 4 Insider Report for COMMUNITY BANK SYSTEM, INC. (CBU)

Role
Director
Signature
Danielle M. Cima, pursuant to a Confirming Statement executed by Jeffrey L. Davis
Issuer symbol
CBU
Transactions as of
16 Dec 2021
Net transactions value
+$18,750
Form type
4
Filing time
17 Dec 2021, 14:44:30 UTC
Previous filing
17 Sep 2021
Next filing
17 Mar 2022
SEC
View on sec.gov

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 Compensation) Award $18,750 +261 +5.9% $71.77 4,699 16 Dec 2021 Common Stock 261 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each unit of phantom stock is the economic equivalent of one share of Community Bank System, Inc. common stock. The units of phantom stock relating to the Deferred Compensation Plan will be settled in Community Bank System, Inc. common stock at future dates selected by the reporting person.
F2 Includes 66.1518 units of phantom stock acquired under the Deferred Compensation Plan's dividend reinvestment feature.