Mark E. Tryniski - Mar 4, 2022 Form 4 Insider Report for COMMUNITY BANK SYSTEM, INC. (CBU)

Role
President & CEO, Director
Signature
Danielle M. Cima, pursuant to a Confirming Statement executed by Mark E. Tryniski
Stock symbol
CBU
Transactions as of
Mar 4, 2022
Transactions value $
-$119,840
Form type
4
Date filed
3/8/2022, 04:07 PM
Previous filing
Nov 8, 2021
Next filing
Mar 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CBU Common Stock Tax liability -$120K -1.64K -5.42% $72.94 28.7K Mar 4, 2022 Direct F1
holding CBU Common Stock 20K Mar 4, 2022 By 401(k) Plan F2
holding CBU Common Stock 27.3K Mar 4, 2022 By Mark Tryniski Family Trust F3
holding CBU Common Stock 98.5K Mar 4, 2022 Phyllis Tryniski Family Trust F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Payment of tax liability associated with the vesting of restricted stock awards.
F2 The number of shares reported herein were acquired pursuant to Community Bank System, Inc.'s 401(K) Plan and are based on a current plan statement.
F3 The reporting person transferred 27,264 shares to a trust in which the reporting person's spouse is the trustee and his immediate family members are beneficiaries. The reporting person disclaims beneficial ownership of the shares held by the trust, and this report should not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F4 The reporting person's spouse transferred 98,512 shares to a trust in which the reporting person is the trustee and his immediate family members are beneficiaries. The reporting person disclaims beneficial ownership of the shares held by the trust, and this report should not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.