Sullivan Michele 4
4 · COMMUNITY FINANCIAL SYSTEM, INC. · Filed Mar 20, 2025
Insider Transaction Report
Form 4
Sullivan Michele
Director
Transactions
- Award
Phantom Stock (Deferred Stock Units)
2025-03-18+1,225→ 2,655.373 total→ Common Stock (1,225 underlying) - Award
Deferred Stock (Deferred Compensation)
2025-03-20$57.98/sh+344.947$20,000→ 1,715.092 total→ Common Stock (344.947 underlying)
Footnotes (4)
- [F1]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.
- [F2]Includes 13.032, 11.2154, and 11.1256 units of phantom stock acquired as dividend equivalents on July 10, 2024, October 10, 2024, and January 10, 2025, respectively, under the Plan.
- [F3]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.
- [F4]Includes 8.1166 units of phantom stock acquired as dividend equivalents on January 10, 2025 under the Deferred Compensation Plan.