Brian R. Ace - 02 Jan 2024 Form 4 Insider Report for COMMUNITY BANK SYSTEM, INC. (CBU)

Role
Director
Signature
/s/ Danielle M. Cima, pursuant to a Confirming Statement executed by Brian R. Ace
Issuer symbol
CBU
Transactions as of
02 Jan 2024
Transactions value $
$0
Form type
4
Filing time
04 Jan 2024, 17:08:39
Previous filing
25 Sep 2023
Next filing
29 Feb 2024
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 +3.5K +5.35% $0.00 68.9K 02 Jan 2024 Direct F1
holding CBU Common Stock 156 02 Jan 2024 By Spouse

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 Compensation) Options Exercise $0 -3.5K -100% $0.00* 0 02 Jan 2024 Common Stock 3.5K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 2, 2024, the reporting person's phantom stock units were settled for an equal number of shares of Community Bank System, Inc. common stock.
F2 Each unit of phantom stock is the economic equivalent of one share of Community Bank System, Inc. common stock. The units of phantom stock relating to the Deferred Compensation Plan will be settled in Community Bank System, Inc. common stock at future dates selected by the reporting person.
F3 Includes 103.8752 units of phantom stock acquired under the Deferred Compensation Plan's dividend reinvestment feature.