0001127602-23-010115.txt : 20230314
0001127602-23-010115.hdr.sgml : 20230314
20230314180011
ACCESSION NUMBER: 0001127602-23-010115
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230313
FILED AS OF DATE: 20230314
DATE AS OF CHANGE: 20230314
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: ACE BRIAN R
CENTRAL INDEX KEY: 0001264817
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13695
FILM NUMBER: 23732386
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: COMMUNITY BANK SYSTEM, INC.
CENTRAL INDEX KEY: 0000723188
STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021]
IRS NUMBER: 161213679
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 5790 WIDEWATERS PKWY
CITY: DEWITT
STATE: NY
ZIP: 13214
BUSINESS PHONE: 8007242262
MAIL ADDRESS:
STREET 1: 5790 WIDEWATERS PARKWAY
CITY: DEWITT
STATE: NY
ZIP: 13214
FORMER COMPANY:
FORMER CONFORMED NAME: COMMUNITY BANK NA, a subsidiary of Community Bank System Inc
DATE OF NAME CHANGE: 20130729
FORMER COMPANY:
FORMER CONFORMED NAME: COMMUNITY BANK NA, a subsidiary of Community Bank System Inc.
DATE OF NAME CHANGE: 20130726
FORMER COMPANY:
FORMER CONFORMED NAME: COMMUNITY BANK SYSTEM INC
DATE OF NAME CHANGE: 19920703
4
1
form4.xml
PRIMARY DOCUMENT
X0306
4
2023-03-13
0000723188
COMMUNITY BANK SYSTEM, INC.
CBU
0001264817
ACE BRIAN R
C/O COMMUNITY BANK SYSTEM, INC.
5790 WIDEWATERS PARKWAY
DEWITT
NY
13214
1
Common Stock
2023-03-13
4
M
0
483
29.79
A
63493.6029
D
Common Stock
2023-03-13
4
S
0
483
52.5725
D
63010.6029
D
Common Stock
156
I
By Spouse
Phantom Stock (Deferred Compensation)
Common Stock
3397.532
3397.532
D
Stock Option
29.79
2023-03-13
4
M
0
483
0
D
2013-03-19
2023-03-19
Common Stock
483
0
D
Phantom Stock (Deferred Stock Units)
2023-03-14
4
A
0
1154
0
A
Common Stock
1154
7344.7205
D
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.50 to $52.66, inclusive. The reporting person undertakes to provide Community Bank System, Inc., any security holder of Community Bank System, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
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.
Includes 180.4156 units of phantom stock acquired under the Deferred Compensation Plan's dividend reinvestment feature.
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.
Includes 165.4173 units of phantom stock acquired as dividend equivalents under the Plan.
/s/ Danielle M. Cima, pursuant to a Confirming Statement executed by Brian R. Ace
2023-03-14