COMMUNITY FINANCIAL SYSTEM, INC. — Director's Dealing 2021

Mar 17, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMUNITY BANK SYSTEM, INC. (CBU)
CIK: 0000723188
Period of Report: 2021-03-16

Reporting Person: STICKELS ERIC (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-16	Phantom Stock (Deferred Stock Units)	$	A	569	Acquired		Common Stock (569)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	32269.0001	Direct
Common Stock	8920.8903	Indirect

Footnotes

F1: The reporting person has received deferred stock units under the Community Bank System, Inc. 2014 Long-Term Incentive Plan. Each phantom stock unit which represents a deferred stock unit is the economic equivalent of one share of Community Bank System, Inc. common stock and will be settled in common stock at a predetermined date.

F2: Includes 51.6868 units of phantom stock acquired as dividend equivalents under the 2014 Long-Term Incentive Compensation Program