Form 4: Community Bank System EVP Maureen Gillan-Myer Reports Stock Transaction
SEC Form 4 Filing
Maureen Gillan-Myer, EVP and Chief Human Resources Officer of Community Bank System, Inc., reports a transaction involving common stock related to tax liability from vesting restricted stock awards.
Summary
- On March 1, 2024, Maureen Gillan-Myer, EVP and Chief Human Resources Officer of Community Bank System, Inc. (CBU), reported a transaction involving the company's common stock.
- The transaction involved the disposition of 218 shares to cover tax liabilities associated with the vesting of restricted stock awards.
- The price per share for the transaction was $45.3.
- Following the transaction, Gillan-Myer directly owns 2,607 shares of CBU common stock.
- She also indirectly owns 1,653.3015 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine transaction related to executive compensation. It doesn't indicate any positive or negative outlook for the company.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small number of shares being transacted by an executive.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock transaction (disposal of shares for tax liability). |
| 03/05/2024 | Date of signature on the report. |
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