Fesette Neil E. 4
4 · COMMUNITY BANK SYSTEM, INC. · Filed Jan 18, 2024
Insider Transaction Report
Form 4
Fesette Neil E.
Director
Transactions
- Exercise/Conversion
Phantom Stock (Deferred Compensation)
2024-01-16−932.338→ 6,438.901 total→ Common Stock (932.338 underlying) - Exercise/Conversion
Common Stock
2024-01-16+932.338→ 9,689.51 total
Holdings
- 4,069.703
Phantom Stock (Deferred Stock Units)
→ Common Stock (4,069.703 underlying)
Footnotes (4)
- [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 128.4724 units of phantom stock acquired as dividend equivalents under the Plan.
- [F3]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.
- [F4]Includes 299.2641 units of phantom stock acquired under the Deferred Compensation Plan's dividend reinvestment feature.