Community Financial director buys 400 shares
CBU director Savneet Singh reported a small open-market share purchase and detailed his deferred and phantom stock unit holdings tied to future settlement in common stock.
Rhea-AI Filing Summary
COMMUNITY FINANCIAL SYSTEM, INC. (CBU) director Savneet Singh purchased 400 shares of common stock on September 9, 2026 in an open-market transaction at a weighted-average price of $62.47 per share, with individual trade prices ranging from $62.41 to $62.53.
Following this purchase, Singh directly holds 418 common shares. In addition, he holds deferred equity interests: deferred stock units under a Deferred Compensation Plan for Directors representing 1,396.7397 shares of common stock, and phantom stock (deferred stock units) under the 2022 Long-Term Incentive Plan representing 2,501.4755 shares, each unit economically equivalent to one CBU common share and to be settled in stock at future or predetermined dates.
The filing indicates no Rule 10b5-1 trading plan for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 400 shares
Net Buy
3 txns
Insider
Singh Savneet
Role
Director
Bought
400 shs ($25K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1 | 400 | $62.47 | $25K |
| holding | Deferred Stock (Deferred Compensation) F2, F3 | -- | -- | -- |
| holding | Phantom Stock (Deferred Stock Units) F4, F5 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 418 shares (Direct);
Deferred Stock (Deferred Compensation) — 1,396.7397 contracts (Direct);
Phantom Stock (Deferred Stock Units) — 2,501.4755 contracts (Direct)
Footnotes (5)
- F1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $62.41 to $62.53, 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 purchased at each separate price within the range set forth in this footnote.
- F2. 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 for Directors (the "DCP for Directors"), will be settled in Community Financial System, Inc. common stock at future dates selected by the reporting person.
- F3. Includes 10.3606 and 9.7616 units of phantom stock acquired as dividend equivalents on April 10, 2026, and July 10, 2026, respectively, under the DCP for Directors.
- F4. 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.
- F5. Includes 9.4416 and 17.4825 units of phantom stock acquired on April 10, 2026, and July 10, 2026, respectively, under the LTIP's dividend reinvestment feature.
Key Figures
Common shares purchased: 400 shares
Weighted-average purchase price: $62.47 per share
Trade price range: $62.41–$62.53 per share
+3 more
6 metrics
Common shares purchased
400 shares
Open-market purchase by director on September 9, 2026
Weighted-average purchase price
$62.47 per share
Director’s September 9, 2026 common stock purchase
Trade price range
$62.41–$62.53 per share
Price range for the multiple purchase executions on September 9, 2026
Direct common shares held after transaction
418 shares
Director’s direct CBU common stock holdings following the reported purchase
Deferred stock units (Directors' plan)
1,396.7397 units
Deferred stock (Deferred Compensation) economically equivalent to CBU common shares
Phantom stock units (LTIP)
2,501.4755 units
Phantom stock (Deferred Stock Units) under the 2022 Long-Term Incentive Plan
Key Terms
phantom stock, Deferred Compensation Plan for Directors, 2022 Long-Term Incentive Plan, dividend equivalents
4 terms
phantom stock financial
"Each unit of phantom stock is the economic equivalent of one share"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Deferred Compensation Plan for Directors financial
"relating to the Deferred Compensation Plan for Directors (the "DCP for Directors")"
A deferred compensation plan for directors is an arrangement that lets board members postpone receiving part of their pay until a later date—often retirement or a set future time—so the money can grow or be paid under specified conditions. Think of it like directing a portion of your paycheck into a locked savings account that pays out later; investors care because it creates future cash or stock obligations, signals how the company motivates and retains leadership, and can affect shareholder value through timing of payouts or potential dilution.
2022 Long-Term Incentive Plan financial
"deferred stock units under the Community Financial System, Inc. 2022 Long-Term Incentive Plan"
dividend equivalents financial
"Includes 10.3606 and 9.7616 units of phantom stock acquired as dividend equivalents"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did CBU director Savneet Singh report in this Form 4?
Savneet Singh reported buying 400 shares of COMMUNITY FINANCIAL SYSTEM, INC. common stock on September 9, 2026 in an open-market transaction at a weighted-average price of $62.47 per share, with trade prices ranging from $62.41 to $62.53.
What deferred or phantom stock units linked to CBU does Savneet Singh hold?
He holds 1,396.7397 deferred stock units under a Deferred Compensation Plan for Directors and 2,501.4755 phantom stock units under the 2022 Long-Term Incentive Plan. Each unit is economically equivalent to one CBU common share and will be settled in stock at future or predetermined dates.
Were Savneet Singh’s CBU transactions under a Rule 10b5-1 trading plan?
No. The Form 4 indicates that the Rule 10b5-1 checkbox is not selected, so no Rule 10b5-1 trading plan is reported for these CBU-related transactions.
How were additional CBU phantom stock units credited to Savneet Singh?
Footnotes state that some phantom stock units were acquired as dividend equivalents on April 10, 2026 and July 10, 2026 under the directors’ deferred compensation plan and via a dividend reinvestment feature under the 2022 Long-Term Incentive Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
