Mark J. Bolus - 18 Mar 2025 Form 4 Insider Report for COMMUNITY FINANCIAL SYSTEM, INC. (CBU)

Role
Director
Signature
/s/ Danielle M. Cima, pursuant to a Confirming Statement executed by Mark J. Bolus
Issuer symbol
CBU
Transactions as of
18 Mar 2025
Net transactions value
$0
Form type
4
Filing time
20 Mar 2025, 11:34:54 UTC
Previous filing
17 Jan 2025
Next filing
16 Apr 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 +1,430 +1.4% $0.000000 103,816 19 Mar 2025 Direct F1, F2
holding CBU Common Stock 5,750 18 Mar 2025 By Austin Bolus Trust F3
holding CBU Common Stock 7,873 18 Mar 2025 By Mark Bolus Trust F4
holding CBU Common Stock 5,750 18 Mar 2025 By Noah Bolus Trust F3
holding CBU Common Stock 5,750 18 Mar 2025 By Paige Bolus Trust F3
holding CBU Common Stock 5,750 18 Mar 2025 By Taylor Bolus Trust F3

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 Stock Units) Award $0 +1,225 +46% $0.000000 3,898 18 Mar 2025 Common Stock 1,225 Direct F5
transaction CBU Phantom Stock (Deferred Stock Units) Options Exercise $0 -1,430 -37% $0.000000 2,467 19 Mar 2025 Common Stock 1,430 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 19, 2025, the reporting person's phantom stock units were settled for 1,430 shares of Community Financial System, Inc. common stock, and .3732 shares were settled in cash at the price of $58.10 per share.
F2 Includes 616.63 shares acquired on January 10, 2025 pursuant to the Community Financial System, Inc. Dividend Reinvestment Plan.
F3 Includes 44.508 shares acquired on January 10, 2025 pursuant to the Community Financial System, Inc. Dividend Reinvestment Plan.
F4 Includes 60.946 shares acquired on January 10, 2025 pursuant to the Community Financial System, Inc. Dividend Reinvestment Plan.
F5 The reporting person has received deferred stock units under the Community Financial System, Inc. 2022 Long-Term Incentive Plan, as amended (the "Plan"). Each phantom stock unit which represents a deferred stock unit is the economic equivalent of one share of Community Financial System, Inc. common stock and will be settled in common stock at a predetermined date.