4//SEC Filing
Pecor Raymond C III 4
Accession 0001127602-23-010269
CIK 0000723188other
Filed
Mar 14, 8:00 PM ET
Accepted
Mar 15, 1:55 PM ET
Size
11.5 KB
Accession
0001127602-23-010269
Insider Transaction Report
Form 4
Pecor Raymond C III
Director
Transactions
- Award
Phantom Stock (Deferred Stock Units)
2023-03-14+1,154→ 3,988.596 total→ Common Stock (1,154 underlying)
Holdings
- 8,595.943
Common Stock
- 9,026.835(indirect: By Trust)
Common Stock
- 9,072.999
Phantom Stock (Deferred Compensation under Merchants plan)
→ Common Stock (9,072.999 underlying) - 4,670.68
Phantom Stock (Deferred Compensation)
→ Common Stock (4,670.68 underlying)
Footnotes (9)
- [F1]Includes 228.635 shares acquired pursuant to the Community Bank System, Inc. Dividend Reinvestment Plan.
- [F2]Includes 240.103 shares acquired pursuant to the Community Bank System, Inc. Dividend Reinvestment Plan.
- [F3]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.
- [F4]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.
- [F5]Includes 241.3236 units of phantom stock acquired under the Merchants' deferred compensation plan's dividend reinvestment feature.
- [F6]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.
- [F7]Includes 106.2503 units of phantom stock acquired under the Deferred Compensation Plan's dividend reinvestment feature.
- [F8]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.
- [F9]Includes 76.3715 units of phantom stock acquired as dividend equivalents under the Plan.
Documents
Issuer
COMMUNITY BANK SYSTEM, INC.
CIK 0000723188
Entity typeother
Related Parties
1- filerCIK 0001475265
Filing Metadata
- Form type
- 4
- Filed
- Mar 14, 8:00 PM ET
- Accepted
- Mar 15, 1:55 PM ET
- Size
- 11.5 KB