Form 4 for CBU COMMUNITY FINANCIAL SYSTEM, INC.
Accepted 2023-03-14 00:00:00 ET · period of report 2023-03-13 · accession 0001127602-23-010115 · 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 | 2023-03-14 | 2023-03-13 | CBU | ACE BRIAN R | Dir | M - OptEx | $29.79 | +483 | 63.5K | +0.8% | +$14.4K |
| D | 2023-03-14 | 2023-03-13 | CBU | ACE BRIAN R | Dir | S - Sale+OE | $52.57 | -483 | 63.0K | -0.8% | -$25.4K |
| D | 2023-03-14 | 2023-03-13 | CBU | ACE BRIAN R | Dir | M - OptEx | $0.00 | -483 | 0 | -100% | $0 |
| D | 2023-03-14 | 2023-03-14 | CBU | ACE BRIAN R | Dir | A - Grant | $0.00 | +1,154 | 7,345 | +19% | $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 | 2023-03-13 | M | A | 483 | $29.79 | 63,493.60 | D | — | — | |
| 2 | Common | Common Stock | 2023-03-13 | S | D | 483 | $52.57 | 63,010.60 | D | — | — | (F1) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.50 to $52.66, inclusive. The reporting person undertakes to provide Community Bank System, Inc., any security holder of Community Bank System, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. |
| 3 | Derivative | Stock Option | 2023-03-13 | M | D | 483 | $0.00 | 0 | D | $29.79 · 2013-03-19 to 2023-03-19 | 483 Common Stock | |
| 4 | Derivative | Phantom Stock (Deferred Stock Units) | 2023-03-14 | A | A | 1,154 | $0.00 | 7,344.72 | D | — · — to — | 1,154 Common Stock | (F5) Includes 165.4173 units of phantom stock acquired as dividend equivalents under the Plan. (F4) 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. |