Form 4: Community Financial System Director Acquires Shares Through Phantom Stock Unit Settlement

Director Jeffery J. Knauss acquired 12 shares of Community Financial System, Inc. common stock through the settlement of phantom stock units on April 14, 2025.

Summary

• On April 14, 2025, Jeffery J. Knauss, a director of Community Financial System, Inc., acquired 12 shares of common stock through the settlement of phantom stock units.
• Additionally, 0.7836 shares were settled in cash at a price of $51.47 per share.
• Following the transaction, Knauss directly owns 3,566.4908 shares of Community Financial System, Inc. common stock.
• Knauss also holds 1,225 phantom stock units, which are the economic equivalent of common stock shares and will be settled in common stock at a predetermined date.
• The reporting person also acquired 12.7836 units of phantom stock on April 10, 2025 under the Plan's dividend reinvestment feature.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction related to executive compensation. There are no explicit positive or negative implications for the company's performance.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future performance.

Future Outlook

The phantom stock units held by the reporting person will be settled in common stock at a predetermined date in the future.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to executive compensation and equity ownership.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the issuance of a small number of shares related to executive compensation.

Key Dates

Keywords

Form 4, Beneficial Ownership, Director, Jeffery J. Knauss, Community Financial System, Inc., CBU, Phantom Stock, Deferred Stock Units, Dividend Reinvestment