Form 4: Community Bank System Director Exercises Stock Options and Disposes of Shares
SEC Form 4 Filing
John F. Whipple, a director of Community Bank System, Inc., exercised stock options and disposed of shares on March 7, 2024.
Summary
- On March 7, 2024, John F. Whipple, a director of Community Bank System, Inc. (CBU), exercised stock options to acquire 3,631 shares of common stock at a price of $37.77 per share.
- Simultaneously, Whipple disposed of 2,923 shares to cover tax obligations at $46.93.
- Following these transactions, Whipple directly owns 5,823.0302 shares of Community Bank System, Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine insider activity.
Key Dates
| Date | Description |
|---|---|
| 03/19/2014 | Original date of stock option grant. |
| 03/07/2024 | Date of transaction: stock option exercise and share disposal. |
| 03/19/2024 | Expiration date of stock options. |
| 03/11/2024 | Date of signature on the report. |
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