Community Financial director buys 317 shares
COMMUNITY FINANCIAL SYSTEM, INC.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
COMMUNITY FINANCIAL SYSTEM, INC. (CBU) director John A. Vaccaro reported an open-market purchase of 317 shares of common stock on 2026-08-27 at $63.11 per share, bringing his directly held common stock to 492 shares. He also reports direct holdings of deferred and phantom stock units economically equivalent to common shares under the company’s deferred compensation and 2022 Long-Term Incentive plans.
Insider Trade Summary
Net Buyer: 317 shares
Net Buy
3 txns
Insider
Vaccaro John A
Role
Director
Bought
317 shs ($20K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 317 | $63.11 | $20K |
| holding | Deferred Stock (Deferred Compensation) F1, F2 | -- | -- | -- |
| holding | Phantom Stock (Deferred Stock Units) F3, F4 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 492 shares (Direct);
Deferred Stock (Deferred Compensation) — 637.367 contracts (Direct);
Phantom Stock (Deferred Stock Units) — 1,228.5864 contracts (Direct)
Footnotes (4)
- 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 ("DCP for Directors") will be settled in Community Financial System, Inc. common stock at future dates selected by the reporting person.
- F2. Includes 2.2149 units of phantom stock acquired as dividend equivalents on July 10, 2026 under the DCP for Directors.
- F3. 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.
- F4. Includes 8.5864 units of phantom stock acquired on July 10, 2026 under the LTIP's dividend reinvestment feature.
Key Figures
Common stock purchased: 317 shares
Purchase price per share: $63.11 per share
Common shares held after transaction: 492 shares
+4 more
7 metrics
Common stock purchased
317 shares
Open-market purchase on 2026-08-27 by director John A. Vaccaro
Purchase price per share
$63.11 per share
Price paid for 317 shares of common stock on 2026-08-27
Common shares held after transaction
492 shares
Directly held COMMUNITY FINANCIAL SYSTEM, INC. common stock after the 2026-08-27 purchase
Deferred Stock underlying shares
637.367 shares
Underlying CBU common stock for Deferred Stock (Deferred Compensation) held directly
Phantom Stock underlying shares
1,228.5864 shares
Underlying CBU common stock for Phantom Stock (Deferred Stock Units) held directly
Dividend-equivalent phantom units (DCP)
2.2149 units
Units acquired as dividend equivalents on July 10, 2026 under DCP for Directors
Dividend reinvestment phantom units (LTIP)
8.5864 units
Units acquired on July 10, 2026 under LTIP dividend reinvestment feature
Key Terms
Phantom Stock, Deferred Compensation Plan ("DCP for Directors"), 2022 Long-Term Incentive Plan, dividend equivalents, +1 more
5 terms
Phantom Stock financial
"Phantom Stock (Deferred Stock Units)"
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 ("DCP for Directors") financial
"relating to the Deferred Compensation Plan ("DCP for Directors") will"
2022 Long-Term Incentive Plan financial
"received deferred stock units under the Community Financial System, Inc. 2022 Long-Term Incentive Plan"
dividend equivalents financial
"Includes 2.2149 units of phantom stock acquired as dividend equivalents on July 10, 2026"
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.
dividend reinvestment feature financial
"under the LTIP's dividend reinvestment feature."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did CBU director John A. Vaccaro report on this Form 4?
He reported an open-market purchase of 317 shares of COMMUNITY FINANCIAL SYSTEM, INC. common stock on 2026-08-27 at $63.11 per share, increasing his directly held common stock to 492 shares after the transaction.
Were the CBU phantom stock units acquired through dividends?
Yes. The filing notes that his deferred compensation units include 2.2149 units and his LTIP phantom units include 8.5864 units acquired on July 10, 2026 as dividend equivalents or through dividend reinvestment features.
Does this CBU Form 4 involve a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as an affirming plan, and the footnotes do not state that the reported purchase was made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
