4//SEC Filing
DAVIS JEFFREY L 4
Accession 0001127602-23-000774
CIK 0000723188other
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 12:15 PM ET
Size
9.8 KB
Accession
0001127602-23-000774
Insider Transaction Report
Form 4
DAVIS JEFFREY L
Director
Transactions
- Exercise/Conversion
Common Stock
2023-01-03+7,521→ 21,516 total - Exercise/Conversion
Phantom Stock (Deferred Compensation under Merchants plan)
2023-01-03−7,521→ 50,488.225 total→ Common Stock (7,521 underlying)
Holdings
- 493(indirect: By Children)
Common Stock
- 858(indirect: By Spouse)
Common Stock
- 4,707(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]On January 3, 2023, the reporting person's phantom stock units acquired under the Merchants Bancshares, Inc. ("Merchants") deferred compensation plan were settled for an equal number of shares of Community Bank System, Inc. common stock.
- [F2]The reporting person disclaims beneficial ownership of these securities, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or any other purpose.
- [F3]The units of phantom stock were acquired through 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.
Documents
Issuer
COMMUNITY BANK SYSTEM, INC.
CIK 0000723188
Entity typeother
Related Parties
1- filerCIK 0001220435
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 12:15 PM ET
- Size
- 9.8 KB