Form 4: Community Financial System, Inc. Executive Acquires Shares and Options
SEC Form 4
Deresa Fischer Durkee, SVP and Chief Accounting Officer of Community Financial System, Inc., reports acquisition of shares and stock options.
Summary
- On March 18, 2025, Deresa Fischer Durkee, SVP, Chief Accounting Officer of Community Financial System, Inc., acquired 883 shares of common stock at $0 and 3,262 stock options at a price of $58.1.
- Following the transaction, Durkee directly owns 3,262 derivative securities and 5,537.604 shares of common stock.
- Durkee also indirectly owns 275.4328 shares through a 401(k) and 218 shares through a spouse.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing. The sentiment is neither positive nor negative as it simply reports transactions.
Positives
- The acquisition of shares and options by a company executive can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Form 4 filings are a routine part of regulatory compliance for publicly traded companies and their executives. They provide transparency into insider transactions, which can be informative for investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
- Employees participating in the 401(k) plan may be indirectly impacted by the company's stock performance.
Key Dates
| Date | Description |
|---|---|
| 03/18/2025 | Date of transaction: Acquisition of common stock and stock options. |
| 03/18/2026 | First vesting date for the acquired stock options. |
| 03/18/2027 | Second vesting date for the acquired stock options. |
| 03/18/2028 | Third vesting date for the acquired stock options. |
| 03/18/2029 | Fourth vesting date for the acquired stock options. |
| 03/18/2030 | Final vesting date for the acquired stock options. |
| 03/18/2035 | Expiration date for the acquired stock options. |
| 03/19/2025 | Date of signature for the report. |
Keywords
Form 4, Beneficial Ownership, Insider Trading, Stock Options, Common Stock, Community Financial System, Inc., CBU, Deresa Fischer Durkee, Executive Compensation
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