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COMMUNITY FINANCIAL SYSTEM, INC. Director's Dealing 2021

Dec 17, 2021

31347_dirs_2021-12-17_92a8eb95-5297-4319-8173-12dcb07f8ba7.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMUNITY BANK SYSTEM, INC. (CBU)
CIK: 0000723188
Period of Report: 2021-12-16

Reporting Person: DAVIS JEFFREY L (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-16	Phantom Stock (Deferred Compensation)	$	A	261.2512	Acquired		Common Stock (261.2512)	Direct

Footnotes

F1: 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.

F2: Includes 66.1518 units of phantom stock acquired under the Deferred Compensation Plan's dividend reinvestment feature.