Deresa F. Durkee - Nov 7, 2024 Form 4/A - Amendment 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
Stock symbol
CBU
Transactions as of
Nov 7, 2024
Transactions value $
-$16,841
Form type
4/A - Amendment
Date filed
11/15/2024, 11:16 AM
Date Of Original Report
Nov 7, 2024
Previous filing
Nov 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CBU Common Stock Options Exercise $16.2K +427 +9.36% $38.02 4.99K Nov 7, 2024 Direct F1
transaction CBU Common Stock Options Exercise $88K +1.71K +34.19% $51.64 6.69K Nov 7, 2024 Direct F1
transaction CBU Common Stock Tax liability -$121K -1.71K -25.57% $70.79 4.98K Nov 7, 2024 Direct F1
holding CBU Common Stock 91.7 Nov 7, 2024 By 401(k)
holding CBU Common Stock 218 Nov 7, 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% $0.00 0 Nov 7, 2024 Common Stock 427 $38.02 Direct F1, F2
transaction CBU Stock Option Options Exercise $0 -1.71K -79.97% $0.00 427 Nov 7, 2024 Common Stock 1.71K $51.64 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Due to an administrative error, the Reporting Person is filing this amendment to correct the date of the transaction to November 7, 2024 and update the price of the Community Financial System, Inc. common stock used for the settlement of shares to cover the exercise price and the taxes associated with this stock option exercise. The number of shares tendered to cover the exercise price and taxes has been reduced from 1,841 shares to 1,711 shares.
F2 The option vested ratably on March 16, 2017, 2018, 2019, 2020, and 2021.
F3 The option vests ratably on March 17, 2021, 2022, 2023, 2024, and 2025.