Michele Sullivan - Dec 19, 2024 Form 4 Insider Report for COMMUNITY FINANCIAL SYSTEM, INC. (CBU)

Role
Director
Signature
/s/ Danielle M. Cima, pursuant to Confirming Statement executed by Michele Sullivan
Stock symbol
CBU
Transactions as of
Dec 19, 2024
Transactions value $
$20,000
Form type
4
Date filed
12/20/2024, 09:52 AM
Previous filing
Sep 24, 2024

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 Deferred Stock (Deferred Compensation) Award $20K +327 +31.55% $61.23 1.36K Dec 19, 2024 Common Stock 327 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each unit of phantom stock is the economic equivalent of one share of Community Financial System, Inc. common stock. The units of phantom stock relating to the Deferred Compensation Plan will be settled in Community Financial System, Inc. common stock at future dates selected by the reporting person.
F2 Includes 2.5397 and 5.4648 units of phantom stock acquired on July 10, 2024 and October 10, 2024, respectively, under the dividend reinvestment feature.