Form 4: Community Bank System CEO Dimitar Karaivanov Reports Stock Transactions
SEC Form 4 Filing
Dimitar Karaivanov, President & CEO of Community Bank System, Inc., reports the disposition of 993 shares of common stock to cover tax liabilities and holdings of 15,272 shares of common stock and 1,949.3605 shares held by 401(k) Plan.
Summary
- On March 1, 2024, Dimitar Karaivanov, the President & CEO of Community Bank System, Inc. (CBU), reported a transaction involving the company's common stock.
- Karaivanov disposed of 993 shares of common stock at a price of $45.3 to cover tax liabilities associated with the vesting of a restricted stock award.
- Following the transaction, Karaivanov directly owns 15,272 shares of Community Bank System, Inc. common stock.
- Karaivanov also indirectly owns 1,949.3605 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard reporting of stock transactions by an executive.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock transaction (disposal of shares). |
| 03/05/2024 | Date of signature for the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.