Sally A. Steele - 03 Feb 2026 Form 4 Insider Report for COMMUNITY FINANCIAL SYSTEM, INC. (CBU)

Reporting relationship: Director
Issuer ticker: CBU
Reported as of: 03 Feb 2026
Net transaction value: -$164,320
SEC form: 4
Accepted by SEC: 05 Feb 2026, 15:52:09 UTC
Prior SEC filing: 16 Apr 2025
Next SEC filing: 18 Mar 2026
Source filing: View source filing
Reporting owner signature: /s/ Danielle M. Cima, pursuant to a Confirming Statement executed by Sally A. Steele

Key filing fact

Sally A. Steele filed Form 4 for COMMUNITY FINANCIAL SYSTEM, INC. (CBU) on 05 Feb 2026.

Key facts

This page summarizes Sally A. Steele's Form 4 filing for COMMUNITY FINANCIAL SYSTEM, INC. (CBU).
3 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 05 Feb 2026, 15:52.

Change

Previous filing in this sequence was filed on 16 Apr 2025.
Current net transaction value: -$164,320.

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

Reporting Owners (1)

CIK 0001264816 Primary reporting owner

STEELE SALLY A

Relationship: Director
Address: C/O COMMUNITY FINANCIAL SYSTEM, INC., 5790 WIDEWATERS PARKWAY, DEWITT
Signature: /s/ Danielle M. Cima, pursuant to a Confirming Statement executed by Sally A. Steele
Signature date: 05 Feb 2026

Reported non-derivative transactions

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

CBU transaction

Common Stock

Options Exercise

Transaction value: $92,160
Shares: +4,000
Change %: +10%
Price: $23.04
Shares after: 43,964
Date: 03 Feb 2026
Ownership: Direct

CBU transaction

Common Stock

Sale

Transaction value: $256,480
Shares: -4,000
Change %: -9.1%
Price: $64.12
Shares after: 39,964
Date: 03 Feb 2026
Ownership: Direct
Footnotes: F1

CBU holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 4,585
Date: 03 Feb 2026
Ownership: Joint with brother

Reported derivative securities

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

CBU transaction Derivative

Stock Option

Options Exercise

Transaction value: $0
Shares: -4,000
Change %: -20%
Price: $0.000000
Shares after: 16,001
Date: 03 Feb 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 4,000
Exercise price: $23.04

CBU holding Derivative

Phantom Stock (Deferred Stock Units)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,265
Date: 03 Feb 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,265
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

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.00 to $64.255, inclusive. The reporting person undertakes to provide Community Financial System, Inc., any security holder of Community Financial System, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Footnote F2

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.

Footnote F3

Includes 9.4706, 10.4729, and 9.6079 units of phantom stock acquired on July 10, 2025, October 10, 2025, and January 12, 2026, respectively, under the Plan's dividend reinvestment feature.