Form 4: Community Financial System Executive Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Maureen A. Gillan-Myer, EVP and Chief Human Resources Officer of Community Financial System, Inc., disposed of 177 shares of common stock on October 1, 2024, to cover tax obligations.
Summary
- On October 1, 2024, Maureen A. Gillan-Myer, the EVP and Chief Human Resources Officer of Community Financial System, Inc. (CBU), disposed of 177 shares of common stock.
- The transaction was executed at a price of $58.07 per share.
- Following the transaction, Gillan-Myer directly owns 3,821 shares of common stock.
- She also indirectly owns 2,174.4917 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the transaction itself is neutral in sentiment. It reflects routine stock disposal for tax purposes.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of stock disposal transaction |
| 10/03/2024 | Date of signature on the report |
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.