Michele Sullivan - Mar 21, 2024 Form 4 Insider Report for COMMUNITY BANK SYSTEM, INC. (CBU)

Role
Director
Signature
/s/ Danielle M. Cima, pursuant to Confirming Statement executed by Michele Sullivan
Stock symbol
CBU
Transactions as of
Mar 21, 2024
Transactions value $
$12,500
Form type
4
Date filed
3/22/2024, 03:44 PM
Previous filing
Mar 20, 2024
Next filing
Jun 21, 2024

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 Deferred Stock (Deferred Compensation) Award $12.5K +272 $45.98 272 Mar 21, 2024 Common Stock 272 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.