Susan E. Skerritt - 15 Mar 2022 Form 4 Insider Report for COMMUNITY BANK SYSTEM, INC. (CBU)

Role
Director
Signature
/s/ Danielle M. Cima, pursuant to a Confirmng Statement executed by Susan E. Skerritt
Issuer symbol
CBU
Transactions as of
15 Mar 2022
Net transactions value
$0
Form type
4
Filing time
16 Mar 2022, 17:30:46 UTC
Previous filing
25 Feb 2022
Next filing
14 Mar 2023
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 Stock Units) Award $0 +644 +111% $0.000000 1,223 15 Mar 2022 Common Stock 644 $0.000000 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 (the "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 9.8265 units of phantom stock acquired as dividend equivalents under the Plan.