SUSAN E. SKERRITT - 14 Mar 2023 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
14 Mar 2023
Net transactions value
$0
Form type
4
Filing time
14 Mar 2023, 18:40:29 UTC
Previous filing
16 Mar 2022
Next filing
06 Jun 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 +1,154 +92% $0.000000 2,410 14 Mar 2023 Common Stock 1,154 $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. 2022 Long-Term Incentive Plan, as amended (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 33.5544 units of phantom stock acquired as dividend equivalents under the Plan.