ACE BRIAN R 4
4 · COMMUNITY BANK SYSTEM, INC. · Filed Jan 4, 2024
Insider Transaction Report
Form 4
ACE BRIAN R
Director
Transactions
- Exercise/Conversion
Phantom Stock (Deferred Compensation)
2024-01-02−3,501.407→ 0 total→ Common Stock (3,501.407 underlying) - Exercise/Conversion
Common Stock
2024-01-02+3,501.407→ 68,922.01 total
Holdings
- 156(indirect: By Spouse)
Common Stock
Footnotes (3)
- [F1]On January 2, 2024, the reporting person's phantom stock units were settled for an equal number of shares of Community Bank System, Inc. common stock.
- [F2]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.
- [F3]Includes 103.8752 units of phantom stock acquired under the Deferred Compensation Plan's dividend reinvestment feature.