Raymond C. Pecor III - Mar 15, 2022 Form 4 Insider Report for COMMUNITY BANK SYSTEM, INC. (CBU)

Role
Director
Signature
Danielle M. Cima, pursuant to a Confirming Statement executed by Raymond C. Pecor, III
Stock symbol
CBU
Transactions as of
Mar 15, 2022
Transactions value $
$0
Form type
4
Date filed
3/17/2022, 05:10 PM
Previous filing
Dec 17, 2021
Next filing
Mar 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CBU Common Stock 8.37K Mar 15, 2022 Direct F1
holding CBU Common Stock 8.79K Mar 15, 2022 By Trust F2, F3

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 +30.46% $0.00 2.76K Mar 15, 2022 Common Stock 644 Direct F4, F5
holding CBU Phantom Stock (Deferred Compensation) 3.35K Mar 15, 2022 Common Stock 3.35K Direct F6, F7
holding CBU Phantom Stock (Deferred Compensation under Merchants plan) 8.83K Mar 15, 2022 Common Stock 8.83K Direct F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 186.599 shares acquired pursuant to the Community Bank System, Inc. Dividend Reinvestment Plan.
F2 Includes 195.956 shares acquired pursuant to the Community Bank System, Inc. Dividend Reinvestment Plan.
F3 The reporting person disclaims beneficial ownership of these securities, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or any other purpose.
F4 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.
F5 Includes 44.4941 units of phantom stock acquired as dividend equivalents under the Plan.
F6 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.
F7 Includes 17.0185 units of phantom stock acquired on January 10, 2022 under the Deferred Compensation Plan's dividend reinvestment feature.
F8 The units of phantom stock were acquired through Merchants Bancshares, Inc.'s ("Merchants") deferred compensation plan. 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 such deferred compensation plan will be settled in Community Bank System, Inc. common stock at future dates selected by the reporting person.
F9 Includes 196.9532 units of phantom stock acquired under the Merchants' deferred compensation plan's dividend reinvestment feature.