Wlos Marya Burgio 4

What Happened

• Marya Burgio, Chief Financial Officer of Community Financial System, Inc. (CBU), was awarded a total of 7,575 shares on March 17, 2026. That total consists of 1,571 shares allocated under the company's 401(k) plan and 6,004 restricted stock units (RSUs). Both items were recorded at $0.00 per share (typical for plan allocations and awards), so there was no cash purchase in this transaction.

Key Details

• Transaction date: March 17, 2026; Form 4 filed March 19, 2026 (timely filing).
• Items reported: 1,571 shares from 401(k) plan (F1) and 6,004 restricted stock units (RSUs) (F2).
• Price/value: $0.00 per share reported for both items (awards/allocations, not open-market purchases).
• Vesting: RSUs vest in three equal annual installments beginning March 1, 2027 (F3).
• Shares owned after the transaction: not disclosed in this filing.
• Other footnote: F4 describes an option vesting schedule (ratable vesting March 17, 2027–2031) but this filing reports RSUs and 401(k) allocations; no option exercise or option grant is shown here.

Context

• RSUs are derivative awards that convert into common shares only as they vest; they are not immediate purchases or sales. The 401(k) allocation reflects plan-based share allotment rather than a market trade. These types of awards are routine compensation/plan transactions and do not by themselves indicate insider buying or selling sentiment.