STICKELS ERIC 4
4 · COMMUNITY FINANCIAL SYSTEM, INC. · Filed Jun 10, 2026
Research Summary
AI-generated summary of this filing
Community Financial (CBU) Director Eric Stickels Sells 2,000 Shares
What Happened
Eric Stickels, a director of Community Financial System, Inc. (CBU), disposed of 2,000 shares in an open-market sale on June 8, 2026. The filing reports a weighted-average sale price of $63.98, for total proceeds of $127,962. The shares were sold in multiple transactions at prices ranging from $63.72 to $64.17.
Key Details
- Transaction date: 2026-06-08 (filed on 2026-06-10 — a timely Form 4 filing).
- Shares sold: 2,000; weighted-average price: $63.98; total reported proceeds: $127,962.
- Price range disclosed: $63.72 to $64.17; reporting person can provide a per-trade breakdown on request (Footnote F1).
- Shares owned after the transaction: not specified in the provided excerpt of the filing.
- Footnotes of note: F2 indicates the reporting person holds deferred (phantom) stock units under the company’s LTIP that will be settled in common stock; F3 notes 30.2137 phantom units were added via dividend reinvestment on April 10, 2026.
- Transaction code: S (sale). No 10b5‑1 plan or other special sale program is indicated in the provided filing.
Context
This was a straight sale of existing shares (routine disposition) rather than a purchase or option exercise. The filing also shows the director holds deferred/phantom stock units (economic equivalents of shares) under the LTIP, which can affect his overall economic exposure even after this sale.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-06-08$63.98/sh−2,000$127,962→ 31,592 total
- 15,513.102(indirect: By Spouse)
Common Stock
- 5,264.756
Phantom Stock (Deferred Stock Units)
[F2][F3]→ Common Stock (5,264.756 underlying)
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.72 to $64.17, inclusive. The reporting person undertakes to provide Community Financial System, Inc., any security holder of Community Financial 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.
- [F2]The reporting person has received deferred stock units under the Community Financial System, Inc. 2022 Long-Term Incentive Plan, as amended (the "LTIP"). Each phantom stock unit which represents a deferred stock unit is the economic equivalent of one share of Community Financial System, Inc. common stock and will be settled in common stock at a predetermined date.
- [F3]Includes 30.2137 units of phantom stock acquired on April 10, 2026 under the Plan's dividend reinvestment feature.