Mark E. Tryniski - 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 Mark E. Tryniski
Stock symbol
CBU
Transactions as of
Mar 19, 2024
Transactions value $
$0
Form type
4
Date filed
3/21/2024, 04:41 PM
Previous filing
Jan 5, 2024
Next filing
May 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CBU Common Stock 59.1K Mar 19, 2024 Direct F1, F2
holding CBU Common Stock 98.5K Mar 19, 2024 By Phyllis Tryniski Family Trust F3
holding CBU Common Stock 27.3K Mar 19, 2024 By Mark Tryniski Family 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 $0.00 1.4K Mar 19, 2024 Common Stock 1.4K Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 6, 2024, the reporting person transferred 29,433 shares of common stock previously beneficially owned through the Community Bank System, Inc. 401(k) Employee Stock Ownership Plan.
F2 Includes 234 shares acquired pursuant to the Community Bank System, Inc. Dividend Reinvestment Plan.
F3 The reporting person is the trustee and his immediate family members are beneficiaries of the Phyllis Tryniski Family Trust. The reporting person disclaims beneficial ownership of the shares held by the trust, and this report should not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F4 The reporting person's spouse is the trustee of the Mark Tryniski Family Trust and his immediate family members are beneficiaries. The reporting person disclaims beneficial ownership of the shares held by the trust, and this report should not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
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.