Fesette Neil E. 4
4 · COMMUNITY BANK SYSTEM, INC. · Filed Jan 20, 2022
Insider Transaction Report
Form 4
Fesette Neil E.
Director
Transactions
- Exercise/Conversion
Phantom Stock (Deferred Stock Units)
2022-01-18−669.728→ 2,053.756 total→ Common Stock (669.728 underlying) - Exercise/Conversion
Common Stock
2022-01-18+669.728→ 7,827.502 total
Footnotes (3)
- [F1]On January 18, 2022, the reporting person's phantom stock units were settled for an equal number of shares of Community Bank System, Inc. common stock.
- [F2]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.
- [F3]Includes 11.3185, 15.2667, and 16.1888 units of phantom stock acquired on April 9, 2021, July 9, 2021 and October 8, 2021, respectively, as dividend equivalents under the 2014 Long-Term Incentive Compensation Program.