Form 4: Community Bank System EVP Michael Abdo Reports Stock Transaction
SEC Form 4 Filing
Michael Abdo, EVP and General Counsel of Community Bank System, Inc., reports a transaction involving common stock due to tax obligations related to vesting restricted stock awards.
Summary
- On March 1, 2024, Michael N. Abdo, EVP and General Counsel of Community Bank System, Inc., reported a transaction.
- The transaction involved the disposal of 237 shares of common stock at a price of $45.3 per share to cover tax liabilities associated with the vesting of restricted stock awards.
- Following the transaction, Abdo directly owns 3,133 shares of common stock and indirectly owns 1,597.1419 shares through a 401(k).
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reports a routine transaction related to tax obligations, with no indication of positive or negative implications for the company's performance.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. This filing indicates a standard transaction related to tax obligations from vested stock awards.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock transaction (disposal of shares). |
| 03/05/2024 | Date of signature for the report. |
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