MacPherson Kerrie D. 4
4 · COMMUNITY BANK SYSTEM, INC. · Filed Mar 14, 2023
Insider Transaction Report
Form 4
MacPherson Kerrie D.
Director
Transactions
- Award
Phantom Stock (Deferred Stock Units)
2023-03-14+1,154→ 3,307.862 total→ Common Stock (1,154 underlying)
Footnotes (2)
- [F1]The reporting person has received deferred stock units under the Community Bank System, Inc. 2022 Long-Term Incentive Plan, as amended (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.
- [F2]Includes 57.5237 units of phantom stock acquired as dividend equivalents under the Plan.