Eric Stickels - Nov 15, 2023 Form 4 Insider Report for COMMUNITY BANK SYSTEM, INC. (CBU)

Role
Director
Signature
Danielle M. Cima, pursuant to a Confirming Statement executed by Eric E. Stickels
Stock symbol
CBU
Transactions as of
Nov 15, 2023
Transactions value $
$13,624
Form type
4
Date filed
11/16/2023, 04:00 PM
Previous filing
Mar 17, 2023
Next filing
Mar 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CBU Common Stock Options Exercise $13.6K +304 +0.89% $44.87 34.5K Nov 15, 2023 Direct
holding CBU Common Stock 14K Nov 15, 2023 By Wife's Community Bank System, Inc. 401(k)

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 -304 -12.11% $0.00 2.2K Nov 15, 2023 Common Stock 304 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. 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.