Community Financial (CBU) EVP Michael N. Abdo Receives Award

What Happened Michael N. Abdo, EVP and General Counsel of Community Financial System, Inc. (CBU), had a 2023 three‑year performance‑based restricted stock award vest on March 4, 2026. He was issued 1,948.235 shares (1,752 shares from the award plus 196.2353 shares from dividend reinvestment) at $0.00. To satisfy his tax obligation on the vesting, 707.235 shares were disposed/withheld at $59.87 per share for proceeds of $42,342, leaving 1,241.000 shares net from this award.

Key Details

• Transaction date: March 4, 2026; Form 4 filed March 6, 2026 (appears timely).
• Award type: Performance‑based restricted stock (code A); tax withholding/share surrender (code F).
• Shares granted/vested: 1,948.235 shares at $0.00 acquisition price.
• Shares disposed/withheld for taxes: 707.235 shares at $59.87, proceeds $42,342.
• Net shares retained from this award: 1,241.000 shares.
• Footnotes: Compensation Committee approved vesting at target performance (F1); tax withholding was satisfied by surrender/disposition of shares (F2); some plan‑related shares were acquired under the company 401(k) plan (F3).
• Shares owned after the transaction (total holdings) are not specified in the provided filing.

Context This was a vesting of a performance award rather than an open‑market purchase or an investment decision; the partial disposal was a routine tax withholding/cashless action commonly used to cover tax liabilities on vested awards. The filing shows no indication of late reporting.