Parente John 4

What Happened John Parente, a director of Community Financial System, Inc. (CBU), was granted 1,220 deferred stock units (phantom stock units) on March 17, 2026. The filing lists the acquisition as an award (code A) at $0.00 per unit (no cash paid). These deferred units are the economic equivalent of common shares and will be settled in common stock at a predetermined future date.

Key Details

• Transaction date: 2026-03-17; Form 4 filed 2026-03-18 (appears timely).
• Quantity: 1,220 deferred/phantom stock units acquired; price reported $0.00 (award).
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: Units are deferred stock units under the 2022 LTIP and will be settled in common stock at a later date (F1).
• Footnote: The 1,220 total includes 9.6079 phantom units credited on Jan 12, 2026 via the LTIP’s dividend reinvestment feature (F2).

Context This was an award of deferred/phantom stock units (compensation/long-term incentive), not an open-market purchase or sale. Such grants are routine for executive/director compensation and do not by themselves signal a buy or sell decision by the insider. The units will convert to actual shares on the plan’s settlement schedule.