Form 4 for CBU COMMUNITY FINANCIAL SYSTEM, INC.
Accepted 2023-01-04 00:00:00 ET · period of report 2023-01-03 · accession 0001127602-23-000322 · 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 | 2023-01-04 | 2023-01-03 | CBU | STEELE SALLY A | Dir | M - OptEx | $0.00 | +3,366 | 42.4K | +9% | $0 |
| D | 2023-01-04 | 2023-01-03 | CBU | STEELE SALLY A | Dir | M - OptEx | $0.00 | -3,366 | 6,526 | -34% | $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 | 2023-01-03 | M | A | 3,366.03 | $0.00 | 42,372.27 | D | — | — | (F1) On January 3, 2023, 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 Compensation) | 2023-01-03 | M | D | 3,366.03 | $0.00 | 6,526.10 | D | — · — to — | 3,366.03 Common Stock | (F3) Includes 69.0288, 73.4281, and 77.8631 units of phantom stock acquired on April 9, 2021, July 9, 2021 and October 8, 2021, respectively under the Deferred Compensation Plan's dividend reinvestment feature. (F2) Each unit of phantom stock is the economic equivalent of one share of Community Bank System, Inc. common stock. The units of phantom stock relating to the Deferred Compensation Plan will be settled in Community Bank System, Inc. common stock at future dates selected by the reporting person. |