Mark J. Bolus - 15 Dec 2022 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
Issuer symbol
CBU
Transactions as of
15 Dec 2022
Net transactions value
+$35,303
Form type
4
Filing time
19 Dec 2022, 14:30:59 UTC
Previous filing
17 Mar 2022
Next filing
03 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CBU Common Stock Options Exercise $35,303 +591 +0.71% $59.77 83,465 15 Dec 2022 Direct
holding CBU Common Stock 5,200 15 Dec 2022 By Austin Bolus Trust
holding CBU Common Stock 220 15 Dec 2022 By daughter, Paige Bolus
holding CBU Common Stock 220 15 Dec 2022 By daughter, Taylor Bolus
holding CBU Common Stock 7,120 15 Dec 2022 By Mark Bolus Trust
holding CBU Common Stock 221 15 Dec 2022 By son, Austin Bolus
holding CBU Common Stock 221 15 Dec 2022 By son, Noah Bolus
holding CBU Common Stock 5,200 15 Dec 2022 By Noah Bolus Trust
holding CBU Common Stock 5,200 15 Dec 2022 By Paige Bolus Trust
holding CBU Common Stock 5,200 15 Dec 2022 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 -591 -48% $0.000000 633 15 Dec 2022 Common Stock 591 Direct F1
* 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.