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COMMUNITY FINANCIAL SYSTEM, INC. — Director's Dealing 2024
Mar 20, 2024
31347_dirs_2024-03-20_8eaac2be-8987-4d2f-b466-c041f1843020.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: COMMUNITY BANK SYSTEM, INC. (CBU)
CIK: 0000723188
Period of Report: 2024-03-19
Reporting Person: Whipple John F. (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-19 | Phantom Stock (Deferred Stock Units) | $0 | A | 1395 | Acquired | Common Stock (1395) | Direct |
Footnotes
F1: The reporting person has received deferred stock units under the Community Bank 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 Bank System, Inc. common stock and will be settled in common stock at a predetermined date.
F2: Includes 21.3781, 24.0768, 25.9359, and 22.2249 units of phantom stock acquired on April 10, 2023, July 10, 2023, October 10, 2023, and January 10, 2024, respectively, as dividend equivalents under the Plan.