Form 4: Community Financial System, Inc. Executive Reports Stock Transactions
SEC Form 4 Filing
Jeffrey M. Levy, SVP & Chief Banking Officer of Community Financial System, Inc., reports the disposition of shares to cover tax liabilities and shares held in a 401(k) plan.
Summary
- Jeffrey M. Levy, SVP & Chief Banking Officer of Community Financial System, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On March 12, 2025, Levy disposed of 385.6475 shares of common stock to cover tax liabilities associated with the vesting of a performance stock award.
- The shares were disposed of at an unspecified price.
- Following the transaction, Levy directly owns 6,683.6389 shares of common stock.
- Levy also indirectly owns 5,570.4762 shares of common stock through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard 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 transactions of company insiders. This filing indicates activity related to tax obligations and retirement savings, which are common occurrences.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it relates to tax obligations and 401(k) holdings of an executive.
Key Dates
| Date | Description |
|---|---|
| 03/12/2025 | Date of stock transaction (disposal of shares). |
| 03/13/2025 | Date of signature on the Form 4 filing. |
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