Form 4: Community Financial System SVP & Chief Banking Officer, Jeffrey M. Levy, Reports Stock Transaction

Jeffrey M. Levy, SVP & Chief Banking Officer of Community Financial System, Inc., reported the sale of 1,136 shares of common stock and an increase in indirect holdings through a 401(k) plan.

Summary

• Jeffrey M. Levy, a Senior Vice President and Chief Banking Officer at Community Financial System, Inc., filed a Form 4 indicating a change in his beneficial ownership of the company's stock.
• On January 24, 2025, Mr. Levy sold 1,136 shares of common stock at a price of $65.98 per share.
• Following the transaction, Mr. Levy directly owns 6,538.6389 shares of common stock.
• Mr. Levy also indirectly owns 5,194.7854 shares through a 401(k) plan.
• The shares held in the 401(k) plan are based on a current plan statement.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock transaction, with no indication of positive or negative sentiment.

Industry Context

This is a routine filing related to insider trading activity and is common for executives of publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The transaction is a relatively small sale of shares by an executive, which is not unusual.

Stakeholder Impact

• The transaction may have a minor impact on shareholders, but it is not likely to be significant.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transaction, Community Financial System, Jeffrey M. Levy, SVP, Chief Banking Officer, 401(k)