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 Mark J. Bolus received an award of 1,220 phantom stock (deferred stock) units tied to the company’s common stock. These units, granted under the 2022 Long-Term Incentive Plan, are the economic equivalent of common shares and will be settled in stock at a predetermined date.
After this grant, Bolus holds 3,758.2915 phantom stock units. He also holds 106,250.833 shares of common stock directly, plus additional indirect holdings through trusts, some of which include shares acquired through the company’s dividend reinvestment plan.
Knauss Jeffery J reported acquisition or exercise transactions in this Form 4 filing.
Community Financial System, Inc. director Jeffery J. Knauss received a grant of 1,220 phantom stock deferred stock units on March 17, 2026 under the company’s 2022 Long-Term Incentive Plan. This increased his deferred stock unit balance to 2,474.5514 units, each economically equivalent to one common share and to be settled in stock at a predetermined date. Footnotes note additional small units, including 9.4706, 10.4729, and 9.6079 phantom stock units credited as dividend equivalents on July 10, 2025, October 10, 2025, and January 12, 2026.
MacPherson Kerrie D. reported acquisition or exercise transactions in this Form 4 filing.
Community Bank System director Kerrie D. MacPherson reported a compensation-related award of 1,220 phantom stock (deferred stock) units. These units were granted at no cash cost under the company’s 2022 Long-Term Incentive Plan and are economically equivalent to common shares, settling in stock at a future predetermined date.
Following this grant, MacPherson now holds 7,630.8867 phantom stock units, reflecting her accumulated deferred equity awards, including prior dividend-equivalent credits. This filing reflects routine equity-based director compensation rather than an open-market stock purchase or sale.
COMMUNITY FINANCIAL SYSTEM, INC. director John Parente received a grant of 1,220 phantom stock units, reported as deferred stock units under the company’s 2022 Long-Term Incentive Plan. Each phantom unit is the economic equivalent of one share of Community Bank System, Inc. common stock and will be settled in common stock at a predetermined date.
After this award, Parente holds a total of 2,474.5514 phantom stock units. Footnotes note that this total includes 9.6079 units acquired earlier through the plan’s dividend reinvestment feature, highlighting that the position can grow over time as dividends are reinvested.
Singh Savneet reported acquisition or exercise transactions in this Form 4 filing.
COMMUNITY FINANCIAL SYSTEM, INC. director Savneet Singh received an award of 1,220 units of phantom stock on March 17, 2026. These units are the economic equivalent of common shares and will be settled in common stock at future dates under company deferred compensation and long‑term incentive plans.
Following this grant, Singh holds 2,474.5514 phantom stock units linked to common stock, reflecting compensation rather than an open‑market purchase. Additional units noted in footnotes were credited as dividend equivalents and through a dividend reinvestment feature within the plans.
STEELE SALLY A reported acquisition or exercise transactions in this Form 4 filing.
COMMUNITY FINANCIAL SYSTEM, INC. director Sally A. Steele received a grant of 1,220 phantom stock (deferred stock) units under the company’s 2022 Long-Term Incentive Plan. Each unit is economically equivalent to one share of common stock and will be settled in common stock at a predetermined future date. Following this award, Steele holds 2,485.3149 deferred stock units.
Whipple John F. reported acquisition or exercise transactions in this Form 4 filing.
COMMUNITY FINANCIAL SYSTEM, INC. director John F. Whipple received a grant of 1,220 units of phantom stock (deferred stock units) on March 17, 2026 as compensation. These units are the economic equivalent of common shares and will be settled in common stock at a predetermined future date.
After this grant, Whipple holds 6,632.8816 deferred stock units under the company’s long‑term incentive plan and 5,751.4337 phantom stock units related to the directors’ deferred compensation plan. Some of these units include additional amounts credited over time as dividend equivalents.
Vaccaro John A reported acquisition or exercise transactions in this Form 4 filing.
COMMUNITY FINANCIAL SYSTEM, INC. director John A. Vaccaro reported receiving a grant of 1,220 phantom stock units, described as deferred stock units, under the company’s 2022 Long-Term Incentive Plan. Each phantom unit is economically equivalent to one share of common stock and will be settled in common stock at a predetermined date.
COMMUNITY FINANCIAL SYSTEM, INC. director Michele Sullivan received a grant of 1,220 units of phantom stock (deferred stock units) that are the economic equivalent of common shares and carry no cash exercise price. After this award, she holds 3,952.5219 phantom stock units directly.
The filing also reports a direct holding of deferred stock tied to common stock totaling 3,083.1444 underlying shares, reflecting compensation and deferral arrangements under the company’s director compensation and long‑term incentive plans rather than open‑market buying or selling.
STICKELS ERIC reported acquisition or exercise transactions in this Form 4 filing.
Community Financial System, Inc. director Eric Stickels reported a grant of 1,220 phantom stock (deferred stock) units under the company’s 2022 Long-Term Incentive Plan. These deferred stock units are economically equivalent to common shares and will be settled in common stock at a predetermined future date.
Following this compensation award, Stickels’ total phantom stock holdings reported in this filing increased to 5,234.5421 units, all held directly. This is a non-cash, equity-based incentive grant rather than an open-market purchase or sale.