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Ownership Document
|
| Schema Version: X0508 |
| Document Type: 4 |
| Period of Report: 4/12/24 |
| Issuer: |
| Issuer CIK: 723188 |
| Issuer Name: COMMUNITY BANK SYSTEM, INC. |
| Issuer Trading Symbol: CBU |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1264816 |
| | Owner Name: STEELE SALLY A |
| Reporting Owner Address: |
| | Owner Street 1: C/O COMMUNITY BANK SYSTEM, INC. |
| | Owner Street 2: 5790 WIDEWATERS PARKWAY |
| | Owner City: DEWITT |
| | Owner State: NY |
| | Owner ZIP Code: 13214 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| Aff 10b5 One: 0 |
| Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 4/12/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 1,464 |
| | | Transaction Price Per Share: |
| Value: 0 |
| Footnote ID: F1 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 35,092 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Common Stock |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 4,585 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: Joint with brother |
| Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Phantom Stock (Deferred Stock Units) |
| | Conversion or Exercise Price: |
| | | Footnote ID: F2 |
| | Transaction Date: |
| | | Value: 4/12/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 1,464 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Exercise Date: |
| | | Footnote ID: F2 |
| | Expiration Date: |
| | | Footnote ID: F2 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 1,464 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 1,148.4179 |
| Footnote ID: F3 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnotes: |
| Footnote - F1: On April 12, 2024, the reporting person's phantom stock units were settled for 1,464 shares of Community Bank System, Inc. common stock, and .1642 shares were settled in cash at the price of $42.92 per share. |
| Footnote - F2: The reporting person has received deferred stock units under the Community Bank System, Inc. 2022 Long-Term Incentive Plan, as amended (the "Plan"). Each phantom stock unit which represents a deferred stock 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. |
| Footnote - F3: Includes 14.9846 units of phantom stock acquired on April 10, 2024 under the dividend reinvestment feature. |
| Owner Signature: |
| Signature Name: /s/ Danielle M. Cima, pursuant to a Confirming Statement executed by Sally A. Steele |
| Signature Date: 4/16/24 |
