DAVIS JEFFREY L 4
4 · COMMUNITY BANK SYSTEM, INC. · Filed Mar 15, 2023
Insider Transaction Report
Form 4
DAVIS JEFFREY L
Director
Transactions
- Award
Phantom Stock (Deferred Stock Units)
2023-03-14+1,154→ 4,666.586 total→ Common Stock (1,154 underlying)
Holdings
- 6,127.946
Phantom Stock (Deferred Compensation)
→ Common Stock (6,127.946 underlying) - 52,073.359
Phantom Stock (Deferred Compensation under Merchants plan)
→ Common Stock (52,073.359 underlying)
Footnotes (6)
- [F1]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.
- [F2]Includes 144.5157 units of phantom stock acquired under the Deferred Compensation Plan's dividend reinvestment feature.
- [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.
- [F4]Includes 1,585.1336 units of phantom stock acquired under the Merchants' deferred compensation plan's dividend reinvestment feature.
- [F5]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.
- [F6]Includes 93.5056 units of phantom stock acquired as dividend equivalents under the Plan.