4/A: Community Financial System Inc. Executive Corrects Stock and Option Acquisition Details in Amended SEC Filing

Joseph E. Sutaris, EVP & Chief Financial Officer of Community Financial System, Inc., files an amendment to a previous SEC Form 4 to correct the number of shares of restricted stock and stock options acquired.

Summary

• Joseph E. Sutaris, the EVP & Chief Financial Officer of Community Financial System, Inc. (CBU), filed an amended Form 4 with the SEC on March 19, 2025.
• The amendment corrects the number of shares of restricted stock acquired on March 18, 2025, to 1,529 shares.
• The amendment also corrects the number of stock options acquired on March 18, 2025, to 5,647 shares with an exercise price of $58.1.
• These options vest ratably on March 18 of each year from 2026 to 2030.
• Following the reported transactions, Sutaris directly owns 15,879.9958 shares of common stock and indirectly owns 11,027.1268 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing correcting previously reported information. It doesn't contain information that would significantly impact investor sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry. It provides transparency regarding the holdings of key executives.

Stakeholder Impact

• The corrected information provides more accurate data for shareholders regarding executive compensation and ownership.

Key Dates

Keywords

SEC Filing, Form 4, Amendment, Stock Options, Restricted Stock, Beneficial Ownership, Community Financial System Inc., CBU, Joseph E. Sutaris, Executive Compensation