Form 4 for CBU COMMUNITY FINANCIAL SYSTEM, INC.
Accepted 2022-01-20 00:00:00 ET · period of report 2022-01-18 · accession 0001127602-22-001649 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-01-20 | 2022-01-18 | CBU | Fesette Neil E. | Dir | M - OptEx | $0.00 | +669.73 | 7,828 | +9% | $0 |
| D | 2022-01-20 | 2022-01-18 | CBU | Fesette Neil E. | Dir | M - OptEx | $0.00 | -669.73 | 2,054 | -25% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-01-18 | M | A | 669.73 | $0.00 | 7,827.50 | D | — | — | (F1) On January 18, 2022, the reporting person's phantom stock units were settled for an equal number of shares of Community Bank System, Inc. common stock. |
| 2 | Derivative | Phantom Stock (Deferred Stock Units) | 2022-01-18 | M | D | 669.73 | $0.00 | 2,053.76 | D | — · — to — | 669.73 Common Stock | (F3) Includes 11.3185, 15.2667, and 16.1888 units of phantom stock acquired on April 9, 2021, July 9, 2021 and October 8, 2021, respectively, as dividend equivalents under the 2014 Long-Term Incentive Compensation Program. (F2) 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. |