Durkee Deresa Fischer 4

What Happened

• Durkee Deresa Fischer, SVP and Chief Accounting Officer of Community Financial System, Inc. (CBU), was granted 1,812 restricted stock units (derivative award) on March 17, 2026. The award is reported at $0.00 (no cash paid at grant).

Key Details

• Transaction date: 2026-03-17; filing date (Form 4): 2026-03-19 — appears to be filed within the typical two-business-day requirement.
• Quantity and price: 1,812 RSUs acquired @ $0.00 (derivative award).
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnotes: F1 notes the number reported is based on a current 401(k) plan statement; F2 clarifies each RSU represents a contingent right to one share; F3 states the RSUs vest in three equal installments beginning March 1, 2027.

Context

• These are restricted stock units (contingent rights to receive shares upon vesting), not an open-market purchase or immediate sale. RSUs typically convert to actual shares only as they vest per the stated schedule, so this grant does not represent immediate ownership or a liquidity event.