Form 4 for CBU COMMUNITY FINANCIAL SYSTEM, INC.
Accepted 2022-03-16 00:00:00 ET · period of report 2022-03-15 · accession 0001127602-22-009529 · 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 | 2022-03-16 | 2022-03-15 | CBU | Parente John | Dir | M - OptEx | $0.00 | +578.83 | 64.5K | +0.9% | $0 |
| D | 2022-03-16 | 2022-03-15 | CBU | Parente John | Dir | M - OptEx | $0.00 | -578.83 | 0 | -100% | $0 |
| D | 2022-03-16 | 2022-03-15 | CBU | Parente John | Dir | A - Grant | $0.00 | +644 | 644 | New | $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 | 2022-03-15 | M | A | 578.83 | $0.00 | 64,525.83 | D | — | — | (F1) On March 15, 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) | 2022-03-15 | M | D | 578.83 | $0.00 | 0 | D | $0.00 · — to — | 578.83 Common Stock | (F2) Includes 9.8265 units of phantom stock acquired as dividend equivalents under the Community Bank System, Inc. 2014 Long-Term Incentive Plan (the "Plan"). (F3) The reporting person has received deferred stock units under 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. |
| 3 | Derivative | Phantom Stock (Deferred Stock Units) | 2022-03-15 | A | A | 644 | $0.00 | 644 | D | $0.00 · — to — | 644 Common Stock | (F3) The reporting person has received deferred stock units under 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. |