DAVIS JEFFREY L 4
4 · COMMUNITY BANK SYSTEM, INC. · Filed Mar 17, 2021
Insider Transaction Report
Form 4
DAVIS JEFFREY L
Director
Transactions
- Award
Phantom Stock (Deferred Stock Units)
2021-03-16+569→ 2,705.263 total→ Common Stock (569 underlying)
Holdings
- 3,622.58
Phantom Stock (Deferred Compensation)
→ Common Stock (3,622.58 underlying) - 56,715.538
Phantom Stock (Deferred Compensation under Merchants plan)
→ Common Stock (56,715.538 underlying)
Footnotes (6)
- [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 73.2781 units of phantom stock acquired 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 74.6874 units of phantom stock acquired under the Deferred Compensation Plan's dividend reinvestment feature.
- [F5]The units of phantom stock were acquired through Merchants Bancshares, Inc.'s ("Merchants") deferred compensation plan. 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 such deferred compensation plan will be settled in Community Bank System, Inc. common stock at future dates selected by the reporting person.
- [F6]Includes 1,527.6335 units of phantom stock acquired under the Merchants' deferred compensation plan's dividend reinvestment feature