Welcome to our dedicated page for Community Financial System SEC filings (Ticker: CBU), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Community Financial System, Inc. filings document a diversified financial services company with banking, employee benefit services, insurance services and wealth management services operations. Its Form 8-K reports furnish operating results, Regulation FD investor presentations, director appointments, bank leadership changes and capital actions, including stock repurchase authorization disclosures.
Proxy materials cover annual meeting procedures, shareholder voting matters, board governance, executive compensation and performance discussion across the company's four business lines. The filing record also identifies Community Bank, N.A. and other operating units as recurring subjects in disclosures about business strategy, governance and capital structure for CBU common stock.
COMMUNITY FINANCIAL SYSTEM, INC. director Raymond C. Pecor III reported the settlement of phantom stock units into common shares. On March 19, 2026, 1,254 phantom stock (deferred stock) units were exercised and settled for 1,254 shares of common stock, with an additional 0.5514 unit settled in cash at $55.61 per share.
Following the transaction, he held 11,439.221 shares of common stock directly and 7,136.111 phantom stock units. A separate line shows 11,277.977 shares held indirectly by a trust, for which he disclaims beneficial ownership.
STEELE SALLY A reported acquisition or exercise transactions in this Form 4 filing.
Community Financial System, Inc. director Sally A. Steele reported a routine compensation-related transaction. On March 19, 2026, her phantom stock units were settled for 1,254 shares of common stock, with 0.5514 units settled in cash at $55.61 per share. Following the settlement, she directly holds 41,218 common shares and 1,230.7635 phantom stock (deferred stock) units, plus 4,585 common shares held indirectly in joint ownership with her brother.
COMMUNITY FINANCIAL SYSTEM, INC. director Jeffery J. Knauss exercised deferred compensation, converting phantom stock units into common shares. On March 19, he settled 1,254 phantom stock units into 1,254 shares of common stock, while 0.5514 additional shares were settled in cash at $55.61 per share. After the transaction, he directly holds 4,820.4908 common shares and 1,220 phantom stock (deferred stock) units, all as part of the company’s long-term incentive plan rather than an open-market purchase or sale.
COMMUNITY FINANCIAL SYSTEM, INC. director John Parente exercised phantom stock units that converted into common shares. On March 19, 2026, 1,254 phantom stock units were settled for 1,254 shares of common stock, with an additional 0.5514 share value settled in cash at $55.61 per share.
After this exercise, Parente directly holds 72,645.3212 shares of common stock and 1,220 phantom stock (deferred stock) units. Each phantom unit under the 2022 Long-Term Incentive Plan is economically equivalent to one share of common stock and will be settled in stock at a predetermined date.
Pecor Raymond C III reported acquisition or exercise transactions in this Form 4 filing.
COMMUNITY FINANCIAL SYSTEM, INC. director Raymond C. Pecor III received a grant of 1,220 units of Phantom Stock (deferred stock units) on March 17, 2026. This is a compensation-related award, not an open-market trade, and is economically equivalent to 1,220 shares of common stock.
Following the grant, Pecor holds 8,390.6624 deferred stock units under the 2022 Long-Term Incentive Plan, along with additional phantom stock units in deferred compensation plans and direct and trust-held common stock positions, some of which he expressly disclaims beneficial ownership.
COMMUNITY FINANCIAL SYSTEM, INC. Executive Vice President and Chief Financial Officer Wlos Marya Burgio received equity awards on March 17, 2026. She was granted 1,571 restricted stock units, each representing a right to receive one share of common stock, vesting in three equal annual installments beginning March 1, 2027.
She was also granted options on 6,004 shares of common stock at an exercise price of $56.64 per share, vesting ratably on March 17 of each year from 2027 through 2031 and expiring in 2036. Following these grants, she directly holds 2,266 common shares and indirectly holds 479.1318 shares through the company 401(k) plan, alongside the new RSUs and options.
COMMUNITY FINANCIAL SYSTEM, INC. executive Maureen A. Gillan-Myer, EVP and Chief Administration & HR Officer, received new equity awards. On March 17, 2026 she was granted 1,275 restricted stock units, each representing one share of common stock, which vest in three equal installments beginning March 1, 2027.
She was also granted stock options on 4,871 shares of common stock at an exercise price of $56.64 per share. These options vest ratably on March 17 of 2027, 2028, 2029, 2030 and 2031, and expire in 2036. After these awards, she holds 6,647 common shares directly and 250.8975 shares indirectly through the company’s 401(k) plan, based on a current plan statement.
COMMUNITY FINANCIAL SYSTEM, INC. executive Michael N. Abdo, EVP and General Counsel, received new equity compensation. He was granted 1,373 restricted stock units, each representing one share of common stock, and 5,246 stock options with a $56.64 exercise price, all held directly.
The restricted stock units vest in three equal annual installments beginning March 1, 2027. The stock options vest ratably on March 17 of each year from 2027 through 2031 and expire in 2036. Following these awards, Abdo also directly holds 8,010 common shares and indirectly holds 2,812.655 shares through the company’s 401(K) plan.
COMMUNITY FINANCIAL SYSTEM, INC. director Neil E. Fesette received a grant of 1,220 units of phantom stock (deferred stock units) on March 17, 2026 under the company’s long-term incentive plan. Each phantom unit is the economic equivalent of one share of common stock and will be settled in stock at a predetermined future date.
After this grant, Fesette holds 8,224.6013 phantom stock units linked to deferred stock units and 7,783.0750 phantom stock units related to deferred compensation, all tied to common stock. He also directly owns 11,270.349 shares of common stock, including amounts acquired through the company’s dividend reinvestment and dividend equivalent features.
Community Financial System, Inc. President & CEO Dimitar Karaivanov received new equity awards. On March 17, 2026, he was granted 6,277 restricted stock units, each representing a contingent right to receive one share of common stock. These units vest in three equal installments beginning March 1, 2027.
He also received stock options on 23,984 shares of common stock at an exercise price of $56.64 per share, expiring on March 17, 2036. The options vest ratably on March 17 of 2027, 2028, 2029, 2030 and 2031. Following these awards, he holds 23,657 common shares directly and 3,303.5335 shares indirectly through the company’s 401(k) plan.