Form 4: Community Bank System Director Exercises Stock Options and Reports Beneficial Ownership
SEC Form 4 Filing
Brian R. Ace, a director of Community Bank System, Inc., reports exercising stock options and changes in beneficial ownership of company stock.
Summary
- On February 29, 2024, Brian R. Ace, a director of Community Bank System, Inc., executed a transaction involving company stock.
- Ace exercised stock options to acquire 3,631 shares of common stock at a price of $37.77 per share.
- Following the transaction, Ace directly owns 72,584.3659 shares of common stock, which includes 31.3558 shares acquired through the Community Bank System, Inc. Dividend Reinvestment Plan.
- Ace also indirectly owns 156 shares through his spouse.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock option exercises and changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/19/2014 | Original date of stock option grant |
| 02/29/2024 | Date of transaction (stock option exercise) |
| 02/29/2024 | Date of filing |
| 03/19/2024 | Expiration date of stock options |
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