Form 4: Community Financial System Executive Reports Stock Transactions
SEC Form 4 Filing
Maureen Gillan-Myer, an executive at Community Financial System, Inc., reports changes in beneficial ownership of company stock due to tax liability payments and 401(k) plan activity.
Summary
- Maureen Gillan-Myer, EVP, Chief Admin & HR Officer of Community Financial System, Inc. [CBU], filed a Form 4 on March 13, 2025.
- The report details changes in her beneficial ownership of common stock.
- 532.1799 shares were disposed of to cover tax liabilities associated with the vesting of a performance stock award.
- She directly owns 4,317 shares of common stock.
- She indirectly owns 2,688.0305 shares through the company's 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates standard transactions related to executive compensation and retirement plans.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/12/2025 | Date of stock transaction (disposal of shares for tax liability). |
| 03/13/2025 | Date of Form 4 filing. |
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