4/A: Community Financial System SVP Corrects Stock and Option Acquisition Details in Amended SEC Filing
SEC Filing
Jeffrey M. Levy, SVP & Chief Banking Officer of Community Financial System, Inc., files an amendment to his Form 4 to correct the number of shares of restricted stock and stock options acquired.
Summary
- Jeffrey M. Levy, SVP & Chief Banking Officer of Community Financial System, Inc., filed an amended Form 4 with the SEC.
- The amendment corrects the number of shares of restricted stock acquired on March 18, 2025, to 1,413 shares.
- The amendment also corrects the number of stock options acquired on March 18, 2025, to 5,217 shares with an exercise price of $58.1.
- The options vest ratably on March 18 of 2026, 2027, 2028, 2029, and 2030.
- Following the reported transactions, Levy directly owns 8,096.6389 shares of common stock and indirectly owns 5,605.5299 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a routine correction of a previous filing, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and holdings, common in the financial services industry.
Key Dates
| Date | Description |
|---|---|
| 03/18/2025 | Date of corrected stock and option acquisition. |
| 03/19/2025 | Date of original filing and amendment filing. |
| 03/18/2026 | First vesting date for stock options. |
| 03/18/2027 | Second vesting date for stock options. |
| 03/18/2028 | Third vesting date for stock options. |
| 03/18/2029 | Fourth vesting date for stock options. |
| 03/18/2030 | Fifth vesting date for stock options. |
| 03/18/2035 | Expiration date for stock options. |
Keywords
Form 4, Amendment, Stock Options, Restricted Stock, Beneficial Ownership, Community Financial System, CBU, Jeffrey M. Levy, SVP, Chief Banking Officer
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.