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Pecor Raymond C III – ‘4’ for 3/19/24 re: Community Bank System, Inc.

On:  Thursday, 3/21/24, at 1:43pm ET   ·   For:  3/19/24   ·   As:  Director   ·   Accession #:  1127602-24-10879   ·   File #:  1-13695

Previous ‘4’:  ‘4’ on / for 12/21/23   ·   Latest ‘4’:  This Filing

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/21/24  Pecor Raymond C III               4          Director    1:10K  Community Bank System, Inc.       Computershare Inc.

Statement of Changes in Beneficial Ownership of Securities by an Insider   —   Form 4   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 4           Statement of Changes in Beneficial Ownership of     HTML     10K 
                Securities by an Insider -- form4.xml/5.8


        

This ‘4’ Document is an XML Data File that may be rendered in various formats:

  Form 4    –   Plain Text   –  SEC Website  –  EDGAR System  –    XML Data    –  <?xml?> File
 
 
SEC Info℠ rendering:  Statement of Changes in Beneficial Ownership of Securities by an Insider
 

The SEC has not released XSLT Stylesheets needed to render this File’s XML Data as a Form.

This is our “Plain Text” rendering:
 
                                                                                                                                                                                
Ownership Document
 
Schema Version:  X0508
Document Type:  4
Period of Report:  3/19/24
Issuer:
Issuer CIK:  723188
Issuer Name:  COMMUNITY BANK SYSTEM, INC.
Issuer Trading Symbol:  CBU
Reporting Owner:
Reporting Owner ID:
Owner CIK:  1475265
Owner Name:  Pecor Raymond C III
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 Holding:
Security Title:
Value:  Common Stock
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  9,265.175
Footnote ID:  F1
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Non-Derivative Holding:
Security Title:
Value:  Common Stock
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  9,376.523
Footnote ID:  F2
Ownership Nature:
Direct or Indirect Ownership:
Value:  I
Nature of Ownership:
Value:  By Trust
Footnote ID:  F3
Derivative Table:
Derivative Holding:
Security Title:
Value:  Phantom Stock (Deferred Compensation under Merchants plan)
Conversion or Exercise Price:
Footnote ID:  F4
Exercise Date:
Footnote ID:  F4
Expiration Date:
Footnote ID:  F4
Underlying Security:
Underlying Security Title:
Value:  Common Stock
Underlying Security Shares:
Value:  9,424.4629
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  9,424.4629
Footnote ID:  F5
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Transaction:
Security Title:
Value:  Phantom Stock (Deferred Compensation)
Conversion or Exercise Price:
Footnote ID:  F6
Transaction Date:
Value:  3/21/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  A
Equity Swap Involved?  No
Transaction Timeliness:
Transaction Amounts:
Transaction Shares:
Value:  445.846
Transaction Price Per Share:
Value:  45.98
Transaction Acquired-Disposed Code:
Value:  A
Exercise Date:
Footnote ID:  F6
Expiration Date:
Footnote ID:  F6
Underlying Security:
Underlying Security Title:
Value:  Common Stock
Underlying Security Shares:
Value:  445.846
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  7,006.4744
Footnote ID:  F7
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Transaction:
Security Title:
Value:  Phantom Stock (Deferred Stock Units)
Conversion or Exercise Price:
Footnote ID:  F8
Transaction Date:
Value:  3/19/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  A
Equity Swap Involved?  No
Transaction Timeliness:
Transaction Amounts:
Transaction Shares:
Value:  1,395
Transaction Price Per Share:
Value:  0
Transaction Acquired-Disposed Code:
Value:  A
Exercise Date:
Footnote ID:  F8
Expiration Date:
Footnote ID:  F8
Underlying Security:
Underlying Security Title:
Value:  Common Stock
Underlying Security Shares:
Value:  1,395
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  5,539.4766
Footnote ID:  F9
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Footnotes:
Footnote - F1:  Includes 82.2757 shares acquired pursuant to the Community Bank System, Inc. Dividend Reinvestment Plan.
Footnote - F2:  Includes 83.473 shares acquired pursuant to the Community Bank System, Inc. Dividend Reinvestment Plan.
Footnote - F3:  The reporting person disclaims beneficial ownership of these securities, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or any other purpose.
Footnote - F4:  The units of phantom stock were acquired through Merchants Bancshares, Inc.'s ("Merchants") deferred compensation plan. Each unit of phantom stock is the economic equivalent of one share of Community Bank System, Inc. common stock. The units of phantom stock relating to such deferred compensation plan will be settled in Community Bank System, Inc. common stock at future dates selected by the reporting person.
Footnote - F5:  Includes 80.0329, 90.7899, 96.7449, and 83.8965 units of phantom stock acquired on April 10, 2023, July 10, 2023, October 10, 2023, and January 10, 2024, respectively, under the Merchants' deferred compensation plan's dividend reinvestment feature.
Footnote - F6:  Each unit of phantom stock is the economic equivalent of one share of Community Bank System, Inc. common stock. The units of phantom stock relating to the Deferred Compensation Plan will be settled in Community Bank System, Inc. common stock at future dates selected by the reporting person.
Footnote - F7:  Includes 44.7814, 50.4408, 58.7445, and 54.7196 units of phantom stock acquired on April 10, 2023, July 10, 2023, October 10, 2023, and January 10, 2024, respectively, under the Deferred Compensation Plan's dividend reinvestment feature.
Footnote - F8:  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 - F9:  Includes 35.597, 40.0907, 43.1863, and 37.007 units of phantom stock acquired on April 10, 2023, July 10, 2023, October 10, 2023, and January 10, 2024, respectively, as dividend equivalents under the Plan.
Owner Signature:
Signature Name:  /s/ Danielle M. Cima, pursuant to a Confirming Statement executed by Raymond C. Pecor, III
Signature Date:  3/21/24


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