Jeffrey M. Levy - Mar 14, 2023 Form 4 Insider Report for COMMUNITY BANK SYSTEM, INC. (CBU)

Role: President, Commercial Banking
Signature: /s/ Danielle M. Cima, pursuant to a Confirming Statement executed by Jeffrey M. Levy
Stock symbol: CBU
Transactions as of: Mar 14, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/15/2023, 06:31 PM
Previous filing: Mar 9, 2023
Next filing: Mar 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CBU	Common Stock	Award	$0	+1.15K	+33.25%	$0.00	4.62K	Mar 14, 2023	Direct	F1
holding	CBU	Common Stock						2.05K	Mar 14, 2023	By 401(k) Plan

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	Award	$0	+4.21K		$0.00	4.21K	Mar 14, 2023	Common Stock	4.21K	$54.06	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 60.5713 shares acquired pursuant to the Community Bank System, Inc. Dividend Reinvestment Plan.
F2	The option vests ratably on March 14, 2024, 2025, 2026, 2027, and 2028.