STEELE SALLY A 4
4 · COMMUNITY BANK SYSTEM, INC. · Filed Apr 16, 2024
Insider Transaction Report
Form 4
STEELE SALLY A
Director
Transactions
- Exercise/Conversion
Common Stock
2024-04-12+1,464→ 35,092 total - Exercise/Conversion
Phantom Stock (Deferred Stock Units)
2024-04-12−1,464→ 1,148.418 total→ Common Stock (1,464 underlying)
Holdings
- 4,585(indirect: Joint with brother)
Common Stock
Footnotes (3)
- [F1]On April 12, 2024, the reporting person's phantom stock units were settled for 1,464 shares of Community Bank System, Inc. common stock, and .1642 shares were settled in cash at the price of $42.92 per share.
- [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 14.9846 units of phantom stock acquired on April 10, 2024 under the dividend reinvestment feature.