Neil E. Fesette - Jan 16, 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 Neil E. Fesette
Stock symbol
CBU
Transactions as of
Jan 16, 2024
Transactions value $
$0
Form type
4
Date filed
1/18/2024, 11:12 AM
Previous filing
Mar 15, 2023
Next filing
Mar 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CBU Common Stock Options Exercise $0 +932 +10.65% $0.00 9.69K Jan 16, 2024 Direct

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 -932 -12.65% $0.00 6.44K Jan 16, 2024 Common Stock 932 Direct F3, F4
holding CBU Phantom Stock (Deferred Stock Units) 4.07K Jan 16, 2024 Common Stock 4.07K 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 128.4724 units of phantom stock acquired as dividend equivalents under the Plan.
F3 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.
F4 Includes 299.2641 units of phantom stock acquired under the Deferred Compensation Plan's dividend reinvestment feature.