Form 4: Community Financial System Director Bolus Settles Deferred Stock Units

Mark J. Bolus, a director at Community Financial System, Inc., settled deferred stock units for common stock and cash on April 14, 2025.

Summary

• On April 14, 2025, Mark J. Bolus, a director of Community Financial System, Inc., settled deferred stock units for 12 shares of common stock.
• Additionally, 0.7835 shares were settled in cash at a price of $51.47 per share.
• Following the transaction, Bolus directly owns 103,827.699 shares of common stock.
• Bolus also indirectly owns shares through a trust and through his children's accounts and trusts.
• He also holds 2,478.5125 phantom stock units (deferred stock units) under the company's 2022 Long-Term Incentive Plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing insider transactions, with no inherent positive or negative sentiment. It simply reports the facts of the transaction.

Future Outlook

The reporting person will continue to receive and settle deferred stock units under the Community Financial System, Inc. 2022 Long-Term Incentive Plan.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company directors. It is standard practice for directors to receive and manage deferred stock units as part of their compensation.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders, as it involves the routine settlement of deferred stock units by a company director.

Key Dates

Keywords

Form 4, Beneficial Ownership, Director, Mark J. Bolus, Community Financial System, Inc., CBU, Deferred Stock Units, Phantom Stock, Insider Trading