Eric Stickels - Mar 19, 2024 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
Mar 19, 2024
Transactions value $
$0
Form type
4
Date filed
3/21/2024, 11:18 AM
Previous filing
Mar 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CBU Common Stock 34.9K Mar 19, 2024 Direct F1
holding CBU Common Stock 14.5K Mar 19, 2024 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) Award $0 +1.4K +74.7% $0.00 3.26K Mar 19, 2024 Common Stock 1.4K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person's directly owned shares have been reduced by 1.9727 shares to adjust for fractional shares that were previously reported as acquired by the reporting person but were paid out in cash. The fractional shares were included in the deferred stock units distributions reported on November 17, 2022, March 16, 2023, November 16, 2023, and March 19, 2024.
F2 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.