STICKELS ERIC 4

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.