Mark J. Bolus - 01 Mar 2023 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
01 Mar 2023
Net transactions value
-$252,024
Form type
4
Filing time
03 Mar 2023, 15:28:12 UTC
Previous filing
19 Dec 2022
Next filing
14 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 $0 +4,163 +4.9% $0.000000 89,316 01 Mar 2023 Direct F1
transaction CBU Common Stock Sale $252,024 -4,163 -4.7% $60.54 85,153 01 Mar 2023 Direct F2
holding CBU Common Stock 5,343 01 Mar 2023 By Austin Bolus Trust F3
holding CBU Common Stock 220 01 Mar 2023 By daughter, Paige Bolus
holding CBU Common Stock 220 01 Mar 2023 By daughter, Taylor Bolus
holding CBU Common Stock 7,316 01 Mar 2023 By Mark Bolus Trust F4
holding CBU Common Stock 221 01 Mar 2023 By son, Austin Bolus
holding CBU Common Stock 221 01 Mar 2023 By son, Noah Bolus
holding CBU Common Stock 5,343 01 Mar 2023 By Noah Bolus Trust F3
holding CBU Common Stock 5,343 01 Mar 2023 By Paige Bolus Trust F3
holding CBU Common Stock 5,343 01 Mar 2023 By Taylor Bolus Trust 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 Stock Option Options Exercise $0 -4,163 -90% $0.000000 468 01 Mar 2023 Common Stock 4,163 $29.79 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 1,687.6874 shares acquired pursuant to the Community Bank System, Inc. Dividend Reinvestment Plan.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.50 to $60.5623, inclusive. The reporting person undertakes to provide Community Bank System, Inc., any security holder of Community Bank System, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 Includes 143.193 shares acquired pursuant to the Community Bank System, Inc. Dividend Reinvestment Plan.
F4 Includes 195.957 shares acquired pursuant to the Community Bank System, Inc. Dividend Reinvestment Plan.