Sally A. Steele - Apr 12, 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 Sally A. Steele
Stock symbol
CBU
Transactions as of
Apr 12, 2024
Transactions value $
$0
Form type
4
Date filed
4/16/2024, 02:45 PM
Previous filing
Mar 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CBU Common Stock Options Exercise $0 +1.46K +4.35% $0.00 35.1K Apr 12, 2024 Direct F1
holding CBU Common Stock 4.59K Apr 12, 2024 Joint with brother

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) Options Exercise $0 -1.46K -56.04% $0.00 1.15K Apr 12, 2024 Common Stock 1.46K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 12, 2024, the reporting person's phantom stock units were settled for 1,464 shares of Community Bank System, Inc. common stock, and .1642 shares were settled in cash at the price of $42.92 per share.
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.
F3 Includes 14.9846 units of phantom stock acquired on April 10, 2024 under the dividend reinvestment feature.