MICHAEL R KALLET 4
4 · COMMUNITY BANK SYSTEM, INC. · Filed Mar 18, 2020
Insider Transaction Report
Form 4
MICHAEL R KALLET
Director
Transactions
- Award
Phantom Stock (Deferred Stock Units)
2020-03-17+667→ 3,446.748 total→ Common Stock (667 underlying)
Holdings
- 4,618.081
Phantom Stock (Deferred Compensation)
→ Common Stock (4,618.081 underlying)
Footnotes (4)
- [F1]The reporting person has received deferred stock units under the Community Bank System, Inc. 2014 Long-Term Incentive Plan. Each phantom stock unit which represents a deferred stock unit is the economic equivalent of one share of Community Bank System, Inc. common stock and will be settled in common stock at a predetermined date.
- [F2]Includes 16.0430 units of phantom stock acquired on January 10, 2020 as dividend equivalents under the 2014 Long-Term Incentive Compensation Program.
- [F3]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.
- [F4]Includes 22.905 units of phantom stock acquired on October 10, 2018 under the Deferred Compensation Plan's dividend reinvestment feature.