Form 4: Director Neil E. Fesette Reports Acquisition of Phantom Stock in Community Financial System, Inc.

Neil E. Fesette, a director of Community Financial System, Inc., reported the acquisition of phantom stock equivalent to 202.6432 shares of common stock on March 31, 2025.

Summary

• On March 31, 2025, Neil E. Fesette, a director of Community Financial System, Inc. (CBU), filed a Form 4 to report changes in beneficial ownership.
• The report indicates that Fesette acquired 202.6432 units of phantom stock, each equivalent to one share of Community Financial System, Inc. common stock, through a Deferred Compensation Plan.
• The price of the phantom stock was $56.75 per unit.
• Following the reported transaction, Fesette directly owns 6,903.3714 shares of Community Financial System, Inc. common stock, including the phantom stock.
• The phantom stock units will be settled in Community Financial System, Inc. common stock at future dates selected by Fesette.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It reports a transaction related to deferred compensation, which is a common practice.

Future Outlook

The phantom stock units will be settled in Community Financial System, Inc. common stock at future dates selected by the reporting person.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's participation in a deferred compensation plan, which is a common practice.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves phantom stock and deferred compensation.

Key Dates

Keywords

Form 4, beneficial ownership, phantom stock, Neil E. Fesette, Community Financial System, Inc., CBU, director, Deferred Compensation Plan