Mark J. Bolus - Mar 20, 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 Mark J. Bolus
Stock symbol
CBU
Transactions as of
Mar 20, 2024
Transactions value $
$0
Form type
4
Date filed
3/20/2024, 06:02 PM
Previous filing
Feb 23, 2024
Next filing
Nov 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CBU Common Stock 98.9K Mar 20, 2024 Direct F1, F2
holding CBU Common Stock 7.6K Mar 20, 2024 By Mark Bolus Trust F3
holding CBU Common Stock 5.55K Mar 20, 2024 By Taylor Bolus Trust F4
holding CBU Common Stock 5.55K Mar 20, 2024 By Paige Bolus Trust F4
holding CBU Common Stock 5.55K Mar 20, 2024 By Austin Bolus Trust F4
holding CBU Common Stock 5.55K Mar 20, 2024 By Noah Bolus Trust F4

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 +1.4K +73.94% $0.00 3.28K Mar 19, 2024 Common Stock 1.4K Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person no longer has a reportable beneficial interest in 881.978 shares of common stock directly owned by his daughters and sons and included in the reporting person's prior ownership reports.
F2 Includes 2,563.948 shares acquired pursuant to the Community Bank System, Inc. Dividend Reinvestment Plan.
F3 Includes 285.509 shares acquired pursuant to the Community Bank System, Inc. Dividend Reinvestment Plan.
F4 Includes 208.65 shares acquired pursuant to the Community Bank System, Inc. Dividend Reinvestment Plan.
F5 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.
F6 Includes 70.518 units of phantom stock acquired as dividend equivalents under the Plan.