Raymond C. Pecor III - Dec 19, 2024 Form 4 Insider Report for COMMUNITY FINANCIAL SYSTEM, INC. (CBU)

Role: Director
Signature: /s/ Danielle M. Cima, pursuant to a Confirming Statement executed by Raymond C. Pecor, III
Stock symbol: CBU
Transactions as of: Dec 19, 2024
Transactions value $: $23,000
Form type: 4
Date filed: 12/20/2024, 11:26 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	Phantom Stock (Deferred Compensation)	Award	$23K	+376	+4.65%	$61.23	8.45K	Dec 19, 2024	Common Stock	376		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 67.8293, 66.08, and 60.6914 units of phantom stock acquired on April 10, 2024, July 10, 2024, and October 10, 2024, respectively, under the dividend reinvestment feature.