Community Financial Director Acquires 355 Deferred Stock Units in Compensation Plan

Director Savneet Singh of Community Financial System reported acquiring 354.8387 units of deferred stock through the company's Deferred Compensation Plan on June 20, 2025.

Rhea-AI Filing Summary

Director Savneet Singh of Community Financial System reported acquiring 354.8387 units of deferred stock through the company's Deferred Compensation Plan on June 20, 2025. The transaction was priced at $54.25 per unit.

Following this transaction, Singh now beneficially owns 663.2087 units of deferred stock directly. Each unit of phantom stock is economically equivalent to one share of common stock and will be settled in common stock at future dates chosen by the reporting person.

Key Transaction Details:

• Transaction Type: Acquisition of derivative securities
• Security Type: Deferred Stock (Phantom Stock Units)
• Direct Ownership: Form indicates Direct (D) ownership
• Filing was signed by Danielle M. Cima on behalf of Savneet Singh on June 24, 2025

Insider Trade Summary

Grant/Award: 354.8387 shares

Grant/Award 1 txn

Insider Singh Savneet

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock (Deferred Compensation)	354.8387	$54.25	$19K

Holdings After Transaction: Deferred Stock (Deferred Compensation) — 663.2087 contracts (Direct)

Footnotes (1)

1. F1. Each unit of phantom stock is the economic equivalent of one share of Community Financial System, Inc. common stock. The units of phantom stock relating to the Deferred Compensation Plan will be settled in Community Financial System, Inc. common stock at future dates selected by the reporting person.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did CBU director Savneet Singh report on Form 4 in June 2025?

Director Savneet Singh acquired 354.8387 units of deferred stock (phantom stock) under CBU's Deferred Compensation Plan on June 20, 2025, at a price of $54.25 per unit. Following this transaction, Singh beneficially owned 663.2087 units of deferred stock.

How many shares of CBU deferred stock does Savneet Singh own after the June 2025 transaction?

After the June 20, 2025 transaction, Savneet Singh owned 663.2087 units of deferred stock (phantom stock) directly. Each unit is economically equivalent to one share of Community Financial System, Inc. common stock.

What is the settlement structure for CBU's deferred stock units owned by Savneet Singh?

According to the filing, the units of phantom stock related to CBU's Deferred Compensation Plan will be settled in Community Financial System, Inc. common stock at future dates selected by the reporting person (Savneet Singh).

What was the price of CBU deferred stock units acquired by Singh in the June 2025 transaction?

The deferred stock units (phantom stock) were acquired at a price of $54.25 per unit in the June 20, 2025 transaction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/24/2025 - 01:45 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Singh Savneet

(Last) (First) (Middle)

C/O COMMUNITY FINANCIAL SYSTEM, INC.

5790 WIDEWATERS PARKWAY

(Street)

DEWITT NY 13214

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
COMMUNITY FINANCIAL SYSTEM, INC. [ CBU ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/20/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Deferred Stock (Deferred Compensation)	(1)	06/20/2025		A		354.8387		(1)	(1)	Common Stock	354.8387	$54.25	663.2087	D

Explanation of Responses:

1. Each unit of phantom stock is the economic equivalent of one share of Community Financial System, Inc. common stock. The units of phantom stock relating to the Deferred Compensation Plan will be settled in Community Financial System, Inc. common stock at future dates selected by the reporting person.

	/s/ Danielle M. Cima, pursuant to Confirming Statement executed by Savneet Singh	06/24/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.