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.
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.
COMMUNITY FINANCIAL SYSTEM, INC. senior executive Matthew K. Durkee received new equity awards as part of his compensation. On March 17, 2026, he was granted 1,449 restricted stock units, each representing one share of common stock, and a stock option for 5,537 shares at an exercise price of $56.64 per share.
The restricted stock units vest in three equal installments beginning on March 1, 2027, and the option vests in equal annual installments on March 17 of 2027, 2028, 2029, 2030, and 2031, with an expiration date of March 17, 2036. After these awards, Durkee holds 2,858 shares of common stock directly and 9,888.7927 shares indirectly through the company’s 401(k) plan, as reported from a current plan statement.
COMMUNITY FINANCIAL SYSTEM, INC. director John A. Vaccaro reported receiving a grant of deferred stock units under a director deferred compensation plan. The award covers 314.6916 units of phantom stock, each economically equivalent to one share of common stock, at a reference value of $55.61 per unit.
These deferred compensation units will be settled in Community Financial System, Inc. common stock at future dates selected by Vaccaro. Following this compensation-related acquisition, he holds 314.6916 deferred stock units directly, reflecting a routine, non‑market transaction rather than an open‑market purchase or sale.
Sullivan Michele reported acquisition or exercise transactions in this Form 4 filing.
COMMUNITY FINANCIAL SYSTEM, INC. director Michele Sullivan received a grant of 447.3116 units of deferred stock under a director compensation plan. Each unit is economically equivalent to one share of common stock and will be settled in common shares at future dates she selects. Following this award, her deferred stock balance reported in the plan is 3,530.4560 units, reflecting routine compensation rather than an open-market trade.
Durkee Deresa Fischer reported acquisition or exercise transactions in this Form 4 filing.
Community Financial System, Inc. reported that SVP and Chief Accounting Officer Deresa Fischer Durkee received a grant of 1,812 restricted stock units on Community Financial common stock. Each unit represents a right to one share and vests in three equal installments beginning on March 1, 2027.
After this award, the filing shows 5,180.604 common shares held directly, 218 shares held indirectly by a spouse, and 654.8825 shares held indirectly through the company’s 401(k) plan, as reflected in a current plan statement.