MacPherson Kerrie D. - Mar 14, 2023 Form 4 Insider Report for COMMUNITY BANK SYSTEM, INC. (CBU)

Role
Director
Signature
/s/ Danielle M. Cima, pursuant to a Confirming Statement executed by Kerrie D. MacPherson
Stock symbol
CBU
Transactions as of
Mar 14, 2023
Transactions value $
$0
Form type
4
Date filed
3/14/2023, 06:52 PM
Previous filing
Apr 29, 2022
Next filing
Mar 21, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CBU Phantom Stock (Deferred Stock Units) Award $0 +1.15K +53.58% $0.00 3.31K Mar 14, 2023 Common Stock 1.15K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Includes 57.5237 units of phantom stock acquired as dividend equivalents under the Plan.