Brian R. Ace - 02 Jan 2024 Form 4 Insider Report for COMMUNITY BANK SYSTEM, INC. (CBU)

Reporting relationship: Director
Issuer ticker: CBU
Reported as of: 02 Jan 2024
Net transaction value: $0
SEC form: 4
Accepted by SEC: 04 Jan 2024, 17:08:39 UTC
Prior SEC filing: 25 Sep 2023
Next SEC filing: 29 Feb 2024
Source filing: View source filing
Reporting owner signature: /s/ Danielle M. Cima, pursuant to a Confirming Statement executed by Brian R. Ace

Key filing fact

Brian R. Ace filed Form 4 for COMMUNITY BANK SYSTEM, INC. (CBU) on 04 Jan 2024.

Key facts

This page summarizes Brian R. Ace's Form 4 filing for COMMUNITY BANK SYSTEM, INC. (CBU).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 04 Jan 2024, 17:08.

Change

Previous filing in this sequence was filed on 25 Sep 2023.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CBU transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +3,501
Change %: +5.4%
Price: $0.000000
Shares after: 68,922
Date: 02 Jan 2024
Ownership: Direct
Footnotes: F1

CBU holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 156
Date: 02 Jan 2024
Ownership: By Spouse

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CBU transaction Derivative

Phantom Stock (Deferred Compensation)

Options Exercise

Transaction value: $0
Shares: -3,501
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 02 Jan 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,501
Exercise price
Footnotes: F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

On January 2, 2024, the reporting person's phantom stock units were settled for an equal number of shares of Community Bank System, Inc. common stock.

Footnote F2

Each unit of phantom stock is the economic equivalent of one share of Community Bank System, Inc. common stock. The units of phantom stock relating to the Deferred Compensation Plan will be settled in Community Bank System, Inc. common stock at future dates selected by the reporting person.

Footnote F3

Includes 103.8752 units of phantom stock acquired under the Deferred Compensation Plan's dividend reinvestment feature.