JOSEPH E. SUTARIS - 26 Nov 2024 Form 4 Insider Report for COMMUNITY FINANCIAL SYSTEM, INC. (CBU)

Role
EVP & Chief Financial Officer
Signature
/s/ Danielle M. Cima, pursuant to a Confiming Statement executed by Joseph E. Sutaris
Issuer symbol
CBU
Transactions as of
26 Nov 2024
Net transactions value
-$441,132
Form type
4
Filing time
27 Nov 2024, 13:47:32 UTC
Previous filing
02 May 2024
Next filing
04 Mar 2025
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 $0 +2,061 +17% $0.000000 14,508 26 Nov 2024 Direct
transaction CBU Common Stock Options Exercise $0 +1,503 +10% $0.000000 16,011 26 Nov 2024 Direct
transaction CBU Common Stock Options Exercise $0 +1,559 +9.7% $0.000000 17,570 26 Nov 2024 Direct
transaction CBU Common Stock Options Exercise $0 +2,524 +14% $0.000000 20,094 26 Nov 2024 Direct
transaction CBU Common Stock Tax liability $441,132 -6,174 -31% $71.45 13,920 26 Nov 2024 Direct
holding CBU Common Stock 10,638 26 Nov 2024 By 401(k) Plan F1

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 -2,061 -100% $0.000000 0 26 Nov 2024 Common Stock 2,061 $38.02 Direct F2
transaction CBU Stock Option Options Exercise $0 -1,503 -100% $0.000000 0 26 Nov 2024 Common Stock 1,503 $57.12 Direct F3
transaction CBU Stock Option Options Exercise $0 -1,559 -100% $0.000000 0 26 Nov 2024 Common Stock 1,559 $55.92 Direct F4
transaction CBU Stock Option Options Exercise $0 -2,524 -37% $0.000000 4,382 26 Nov 2024 Common Stock 2,524 $51.64 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The number of shares reported herein acquired pursuant to Community Bank System, Inc.'s 401(k) Plan and are based on a current plan statement.
F2 The option vested ratably on March 16, 2017, 2018, 2019, 2020 and 2021.
F3 The option vested ratably on March 15, 2018, 2019, 2020, 2021 and 2022.
F4 The option vested ratably on March 20, 2019, 2020, 2021, 2022 and 2023.
F5 The option vests ratably on March 17, 2021, 2022, 2023, 2024, and 2025.