Form 4: Community Financial System Director Pecor Reports Stock Transactions
SEC Form 4 Filing
Director Raymond C. Pecor III reports changes in beneficial ownership of Community Financial System, Inc. stock, including acquisitions through dividend reinvestment and deferred compensation plans.
Summary
- Raymond C. Pecor III, a director of Community Financial System, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- The transactions include acquisitions of common stock through the Community Financial System, Inc. Dividend Reinvestment Plan.
- Pecor also reports holdings of phantom stock units acquired through deferred compensation plans, which are economically equivalent to shares of common stock and will be settled in common stock at future dates.
- Additionally, Pecor received deferred stock units under the Community Financial System, Inc. 2022 Long-Term Incentive Plan, which will also be settled in common stock at a predetermined date.
- Some shares were gifted to beneficiaries of trusts, with Pecor disclaiming beneficial ownership of those securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions without expressing any positive or negative outlook.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure related to insider trading regulations and provides transparency regarding the stock ownership of a key company director. It doesn't necessarily reflect broader industry trends but is important for investors monitoring insider activity.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- It helps stakeholders understand the alignment of interests between management and shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/18/2025 | Date of transaction for deferred stock units acquisition |
| 03/20/2025 | Date of signature for the report |
Keywords
Form 4, beneficial ownership, stock transactions, Community Financial System, Raymond C. Pecor III, dividend reinvestment, deferred compensation, phantom stock, deferred stock units
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.