Deresa Fischer Durkee - 06 Nov 2024 Form 4 Insider Report for COMMUNITY FINANCIAL SYSTEM, INC. (CBU)

Role
SVP, Chief Accounting Officer
Signature
/s/ Danielle M. Cima, pursuant to a Confirming Statement executed by Deresa F. Durkee
Issuer symbol
CBU
Transactions as of
06 Nov 2024
Net transactions value
-$10,229
Form type
4
Filing time
07 Nov 2024, 14:45:37 UTC
Previous filing
09 Oct 2024
Next filing
15 Nov 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CBU Common Stock Options Exercise $16,235 +427 +9.4% $38.02 4,987 06 Nov 2024 Direct
transaction CBU Common Stock Options Exercise $88,046 +1,705 +34% $51.64 6,692 06 Nov 2024 Direct
transaction CBU Common Stock Tax liability $114,510 -1,841 -28% $62.20 4,851 06 Nov 2024 Direct
holding CBU Common Stock 92 06 Nov 2024 By 401(k)
holding CBU Common Stock 218 06 Nov 2024 By spouse

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 Stock Option Options Exercise $0 -427 -100% $0.000000 0 06 Nov 2024 Common Stock 427 $38.02 Direct F1
transaction CBU Stock Option Options Exercise $0 -1,705 -80% $0.000000 427 06 Nov 2024 Common Stock 1,705 $51.64 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option vested ratably on March 16, 2017, 2018, 2019, 2020, and 2021.
F2 The option vests ratably on March 17, 2021, 2022, 2023, 2024, and 2025.