Form 4 for CBU COMMUNITY FINANCIAL SYSTEM, INC.
Accepted 2023-01-05 00:00:00 ET · period of report 2023-01-03 · accession 0001127602-23-000774 · 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 | 2023-01-05 | 2023-01-03 | CBU | DAVIS JEFFREY L | Dir | M - OptEx | $0.00 | +7,521 | 21.5K | +54% | $0 |
| D | 2023-01-05 | 2023-01-03 | CBU | DAVIS JEFFREY L | Dir | M - OptEx | $0.00 | -7,521 | 50.5K | -13% | $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 | 7,521 | $0.00 | 21,516 | D | — | — | (F1) On January 3, 2023, the reporting person's phantom stock units acquired under the Merchants Bancshares, Inc. ("Merchants") deferred compensation plan were settled for an equal number of shares of Community Bank System, Inc. common stock. |
| 2 | Derivative | Phantom Stock (Deferred Compensation under Merchants plan) | 2023-01-03 | M | D | 7,521 | $0.00 | 50,488.23 | D | — · — to — | 7,521 Common Stock | (F3) The units of phantom stock were acquired through Merchants deferred compensation plan. 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 such deferred compensation plan will be settled in Community Bank System, Inc. common stock at future dates selected by the reporting person. |