John Parente - 15 Mar 2022 Form 4 Insider Report for COMMUNITY BANK SYSTEM, INC. (CBU)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
16 Mar 2022, 18:27:42 UTC
Next SEC filing
16 Mar 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Danielle M. Cima, pursuant to a Confirming Statement executed by John Parente

Key filing fact

John Parente filed Form 4 for COMMUNITY BANK SYSTEM, INC. (CBU) on 16 Mar 2022.

Key facts

  • This page summarizes John Parente's Form 4 filing for COMMUNITY BANK SYSTEM, INC. (CBU).
  • 3 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 16 Mar 2022, 18:27.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CBU transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+579
Change %
+0.91%
Price
$0.000000
Shares after
64,526
Date
15 Mar 2022
Ownership
Direct
Footnotes
F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CBU transaction Derivative

Phantom Stock (Deferred Stock Units)

Options Exercise

Transaction value
$0
Shares
-579
Change %
-100%
Price
$0.000000*
Shares after
0
Date
15 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
579
Exercise price
$0.000000
Footnotes
F2, F3
CBU transaction Derivative

Phantom Stock (Deferred Stock Units)

Award

Transaction value
$0
Shares
+644
Change %
Price
$0.000000
Shares after
644
Date
15 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
644
Exercise price
$0.000000
Footnotes
F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

On March 15, 2022, the reporting person's phantom stock units were settled for an equal number of shares of Community Bank System, Inc. common stock.

Footnote F2

Includes 9.8265 units of phantom stock acquired as dividend equivalents under the Community Bank System, Inc. 2014 Long-Term Incentive Plan (the "Plan").

Footnote F3

The reporting person has received deferred stock units under 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.

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