Parente John 4
4 · COMMUNITY BANK SYSTEM, INC. · Filed Mar 16, 2022
Insider Transaction Report
Form 4
Parente John
Director
Transactions
- Exercise/Conversion
Common Stock
2022-03-15+578.827→ 64,525.83 total - Exercise/Conversion
Phantom Stock (Deferred Stock Units)
2022-03-15−578.827→ 0 totalExercise: $0.00→ Common Stock (578.827 underlying) - Award
Phantom Stock (Deferred Stock Units)
2022-03-15+644→ 644 totalExercise: $0.00→ Common Stock (644 underlying)
Footnotes (3)
- [F1]On March 15, 2022, the reporting person's phantom stock units were settled for an equal number of shares of Community Bank System, Inc. common stock.
- [F2]Includes 9.8265 units of phantom stock acquired as dividend equivalents under the Community Bank System, Inc. 2014 Long-Term Incentive Plan (the "Plan").
- [F3]The reporting person has received deferred stock units under the 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.