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COMMUNITY FINANCIAL SYSTEM, INC. — Director's Dealing 2024
Nov 15, 2024
31347_dirs_2024-11-15_cf436cd5-972b-4ccf-95b1-ca32285d8309.zip
Director's Dealing
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SEC Form 4/A — Form 4/A
Issuer: COMMUNITY FINANCIAL SYSTEM, INC. (CBU)
CIK: 0000723188
Period of Report: 2024-11-07
Reporting Person: Durkee Deresa Fischer (SVP, Chief Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-11-07 | Common Stock | M | 427 | $38.02 | Acquired | 4986.604 | Direct |
| 2024-11-07 | Common Stock | M | 1705 | $51.64 | Acquired | 6691.604 | Direct |
| 2024-11-07 | Common Stock | F | 1711 | $70.79 | Disposed | 4980.604 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-11-07 | Stock Option | $38.02 | M | 427 | Disposed | 2026-03-16 | Common Stock (427) | Direct |
| 2024-11-07 | Stock Option | $51.64 | M | 1705 | Disposed | 2030-03-17 | Common Stock (1705) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 91.666 | Indirect |
| Common Stock | 218 | Indirect |
Footnotes
F1: Due to an administrative error, the Reporting Person is filing this amendment to correct the date of the transaction to November 7, 2024 and update the price of the Community Financial System, Inc. common stock used for the settlement of shares to cover the exercise price and the taxes associated with this stock option exercise. The number of shares tendered to cover the exercise price and taxes has been reduced from 1,841 shares to 1,711 shares.
F2: The option vested ratably on March 16, 2017, 2018, 2019, 2020, and 2021.
F3: The option vests ratably on March 17, 2021, 2022, 2023, 2024, and 2025.