DAVIS JEFFREY L 4
4 · COMMUNITY BANK SYSTEM, INC. · Filed Jun 20, 2023
Insider Transaction Report
Form 4
DAVIS JEFFREY L
Director
Transactions
- Exercise/Conversion
Phantom Stock (Deferred Compensation)
2023-06-15−1,217.431→ 5,304.253 total→ Common Stock (1,217.431 underlying) - Exercise/Conversion
Common Stock
2023-06-15+1,217.431→ 22,733.431 total - Exercise/Conversion
Common Stock
2023-06-15+695.451→ 23,428.881 total - Exercise/Conversion
Phantom Stock (Deferred Stock Units)
2023-06-15−695.451→ 3,971.135 total→ Common Stock (695.451 underlying)
Holdings
- 858(indirect: By Spouse)
Common Stock
Footnotes (2)
- [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]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.