Community Financial (NYSE: CBU) director sells 2,000 shares, keeps sizable stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Community Financial System, Inc. director Eric Stickels reported an open-market sale of 2,000 shares of common stock at a weighted average price of $63.9811 per share on June 8, 2026, with individual trade prices ranging from $63.72 to $64.17.
Following the sale, he holds 31,592 common shares directly and 15,513.1018 shares indirectly through his wife's Community Financial System, Inc. 401(k). He also holds 5,264.7558 phantom stock units under the 2022 Long-Term Incentive Plan, including 30.2137 units acquired on April 10, 2026 via dividend reinvestment.
Positive
- None.
Negative
- None.
Insights
Director executes modest open-market sale while retaining sizable holdings.
Director Eric Stickels sold 2,000 shares of Community Financial System, Inc. common stock in an open-market transaction at a weighted average of $63.9811 per share. The filing notes multiple trades within a $63.72–$64.17 price range.
After this sale, he continues to own 31,592 shares directly and additional indirect exposure through 15,513.1018 shares in his wife's 401(k). He also has 5,264.7558 phantom stock units under the long-term incentive plan, which are economically equivalent to common shares and will be settled in stock at a predetermined date.
The combination of ongoing direct, indirect, and deferred-unit positions suggests continued exposure to the company’s equity. The filing treats this as a straightforward open-market sale with no indication of tax withholding, option exercise, or a restructuring-related transaction.
Insider Trade Summary
Net Seller: 2,000 shares ($127,962)
Net Sell
3 txns
Insider
STICKELS ERIC
Role
null
Sold
2,000 shs ($128K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,000 | $63.9811 | $128K |
| holding | Phantom Stock (Deferred Stock Units) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 31,592 shares (Direct, null);
Phantom Stock (Deferred Stock Units) — 5,264.756 shares (Direct, null);
Common Stock — 15,513.102 shares (Indirect, By Wife's Community Financial System, Inc. 401(k))
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.72 to $64.17, inclusive. The reporting person undertakes to provide Community Financial System, Inc., any security holder of Community Financial System, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The reporting person has received deferred stock units under the Community Financial System, Inc. 2022 Long-Term Incentive Plan, as amended (the "LTIP"). Each phantom stock unit which represents a deferred stock unit is the economic equivalent of one share of Community Financial System, Inc. common stock and will be settled in common stock at a predetermined date. Includes 30.2137 units of phantom stock acquired on April 10, 2026 under the Plan's dividend reinvestment feature.
Key Figures
Shares sold: 2,000 shares
Weighted average sale price: $63.9811 per share
Sale price range: $63.72–$64.17 per share
+4 more
7 metrics
Shares sold
2,000 shares
Open-market sale of common stock on June 8, 2026
Weighted average sale price
$63.9811 per share
Open-market sale transaction
Sale price range
$63.72–$64.17 per share
Multiple trade executions within one transaction
Direct shares after sale
31,592 shares
Common stock held directly following transaction
Indirect 401(k) shares
15,513.1018 shares
Held via wife’s Community Financial System, Inc. 401(k)
Phantom stock units
5,264.7558 units
Deferred stock units under 2022 Long-Term Incentive Plan
Dividend reinvestment units
30.2137 units
Phantom stock acquired April 10, 2026 via dividend reinvestment
Key Terms
Phantom Stock (Deferred Stock Units), weighted average price, dividend reinvestment feature, Long-Term Incentive Plan, +1 more
5 terms
Phantom Stock (Deferred Stock Units) financial
"The reporting person has received deferred stock units under the Community Financial System, Inc. 2022 Long-Term Incentive Plan"
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
dividend reinvestment feature financial
"Includes 30.2137 units of phantom stock acquired on April 10, 2026 under the Plan's dividend reinvestment feature."
Long-Term Incentive Plan financial
"under the Community Financial System, Inc. 2022 Long-Term Incentive Plan, as amended (the "LTIP")."
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
deferred stock units financial
"The reporting person has received deferred stock units under the Community Financial System, Inc. 2022 Long-Term Incentive Plan"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
FAQ
What did Community Financial System (CBU) director Eric Stickels report in this Form 4?
Director Eric Stickels reported selling 2,000 shares of Community Financial System common stock in an open-market transaction. The weighted average sale price was $63.9811 per share, with individual trades executed between $63.72 and $64.17 on June 8, 2026.
What are the phantom stock units reported by Eric Stickels at Community Financial System (CBU)?
The phantom stock units are deferred stock units granted under the 2022 Long-Term Incentive Plan. Each unit is economically equivalent to one share of Community Financial System common stock and will be settled in stock at a predetermined date, providing deferred equity-based compensation to the director.
Did Eric Stickels acquire any additional Community Financial System (CBU) units through dividend reinvestment?
Yes. The footnotes state his phantom stock holdings include 30.2137 units acquired on April 10, 2026 under the plan’s dividend reinvestment feature. Those reinvested units increase his total deferred stock unit balance to 5,264.7558 units tied to Community Financial System common shares.
Is the Eric Stickels Community Financial System (CBU) transaction a buy or a sell?
The Form 4 shows an open-market sale of 2,000 Community Financial System common shares, coded as an “S” transaction. It is classified as a non-derivative sale, not an option exercise or tax-withholding event, and reduces his directly held share count by that amount.