STEELE SALLY A 4
4 · COMMUNITY BANK SYSTEM, INC. · Filed Mar 21, 2024
Insider Transaction Report
Form 4
STEELE SALLY A
Director
Transactions
- Award
Phantom Stock (Deferred Stock Units)
2024-03-19+1,395→ 2,597.598 total→ Common Stock (1,395 underlying)
Holdings
- 33,628
Common Stock
- 4,585(indirect: Joint with brother)
Common Stock
Footnotes (3)
- [F1]The reporting person's directly owned shares have been reduced by 6.3782 shares to adjust for fractional shares that were reported as acquired by the reporting person but were paid out in cash. The fractional shares were included in previous filings made to report distributions of deferred stock units and deferred compensation.
- [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.
- [F3]Includes 10.235, 11.527, 12.417, and 10.6404 units of phantom stock acquired on April 10, 2023, July 10, 2023, October 10, 2023, and January 10, 2024, respectively, as dividend equivalents under the Plan.