Mark J. Bolus - Dec 15, 2021 Form 4 Insider Report for COMMUNITY BANK 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
Dec 15, 2021
Transactions value $
$65,935
Form type
4
Date filed
12/17/2021, 02:46 PM
Next filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CBU Common Stock Options Exercise $65.9K +899 +1.12% $73.32 81.1K Dec 15, 2021 Direct
holding CBU Common Stock 5.05K Dec 15, 2021 By Austin Bolus Trust
holding CBU Common Stock 213 Dec 15, 2021 By daughter, Paige Bolus
holding CBU Common Stock 213 Dec 15, 2021 By daughter, Taylor Bolus
holding CBU Common Stock 6.92K Dec 15, 2021 By Mark Bolus Trust
holding CBU Common Stock 215 Dec 15, 2021 By son, Austin Bolus
holding CBU Common Stock 215 Dec 15, 2021 By son, Noah Bolus
holding CBU Common Stock 5.05K Dec 15, 2021 By Noah Bolus Trust
holding CBU Common Stock 5.05K Dec 15, 2021 By Paige Bolus Trust
holding CBU Common Stock 5.05K Dec 15, 2021 By Taylor 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 -899 -60.95% $0.00 576 Dec 15, 2021 Common Stock 899 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person has received deferred stock units under the Community Bank System, Inc. 2014 Long-Term Incentive Plan. Each phantom stock unit which represents a deferred stock unit is the economic equivalent of one share of Community Bank System, Inc. common stock and will be settled in common stock at a predetermined date.
F2 Includes 21.7739 units of phantom stock acquired as dividend equivalents under the 2014 Long-Term Incentive Compensation Program.