4//SEC Filing
Pecor Raymond C III 4
Accession 0001127602-25-010091
CIK 0000723188other
Filed
Mar 19, 8:00 PM ET
Accepted
Mar 20, 2:12 PM ET
Size
11.9 KB
Accession
0001127602-25-010091
Insider Transaction Report
Form 4
Pecor Raymond C III
Director
Transactions
- Award
Phantom Stock (Deferred Stock Units)
2025-03-18+1,225→ 6,949.78 total→ Common Stock (1,225 underlying)
Holdings
- 10,399.358(indirect: By Trust)
Common Stock
- 9,600.125
Common Stock
- 8,515.261
Phantom Stock (Deferred Compensation)
→ Common Stock (8,515.261 underlying) - 9,765.161
Phantom Stock (Deferred Compensation under Merchants plan)
→ Common Stock (9,765.161 underlying)
Footnotes (9)
- [F1]Includes 334.95 shares acquired pursuant to the Community Financial System, Inc. Dividend Reinvestment Plan.
- [F2]Includes an additional 660 shares gifted to the beneficiaries of the trusts and 362.835 shares acquired pursuant to the Community Financial System, Inc. Dividend Reinvestment Plan.
- [F3]The reporting person disclaims beneficial ownership of these securities, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or any other purpose.
- [F4]Each unit of phantom stock is the economic equivalent of one share of Community Financial System, Inc. common stock. The units of phantom stock relating to the Deferred Compensation Plan will be settled in Community Financial System, Inc. common stock at future dates selected by the reporting person.
- [F5]Includes 63.3053 units of phantom stock acquired as dividend equivalents on January 10, 2025 under the Deferred Compensation Plan.
- [F6]The units of phantom stock were acquired through Merchants Bancshares, Inc.'s ("Merchants") deferred compensation plan. Each unit of phantom stock is the economic equivalent of one share of Community Financial System, Inc. common stock. The units of phantom stock relating to such deferred compensation plan will be settled in Community Financial System, Inc. common stock at future dates selected by the reporting person.
- [F7]Includes 97.222, 89.662, 77.1868, and 76.6275 units of phantom stock acquired as dividend equivalents on April 10, 2024, July 10, 2024, October 10, 2024, and January 10, 2025, respectively, under the Deferred Compensation Plan.
- [F8]The reporting person has received deferred stock units under the Community Financial 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 Financial System, Inc. common stock and will be settled in common stock at a predetermined date.
- [F9]Includes 43.1123, 52.3854, 45.0833, and 44.7223 units of phantom stock acquired as dividend equivalents on April 10, 2024, July 10, 2024, October 10, 2024, and January 10, 2025, respectively, under the Plan.
Documents
Issuer
COMMUNITY FINANCIAL SYSTEM, INC.
CIK 0000723188
Entity typeother
Related Parties
1- filerCIK 0001475265
Filing Metadata
- Form type
- 4
- Filed
- Mar 19, 8:00 PM ET
- Accepted
- Mar 20, 2:12 PM ET
- Size
- 11.9 KB