Abdo Michael N 4

What Happened Michael N. Abdo, EVP and General Counsel of Community Financial System, Inc. (CBU), was granted two derivative awards on March 17, 2026: 1,373 shares reported from the company's 401(k) plan and 5,246 restricted stock units (RSUs). Both entries are reported as awards (transaction code A) with $0 per-share cost (typical for grants); total reported cash exchanged = $0. These are awards, not open-market purchases or sales.

Key Details

• Transaction date: 2026-03-17 (reported on Form 4 filed 2026-03-19) — filing appears timely.
• Awards: 1,373 shares (401(k) plan; F1) and 5,246 restricted stock units (RSUs; F2).
• Price/value: $0.00 per share at grant; no cash paid by the insider at grant.
• Vesting/conditions: RSUs vest in three equal annual installments beginning March 1, 2027 (F3). Filing also notes an option vesting schedule that vests ratably on March 17 of 2027–2031 (F4).
• Shares owned after transaction: Not specified in the provided summary of the filing.
• Transaction type: Derivative awards (A). No sale or exercise reported; no 10b5-1 plan or tax-withholding detail shown.

Context RSUs are contingent rights to receive common stock upon vesting — they do not represent immediately tradable shares. The 401(k) entry reflects plan holdings per a current plan statement. Awards like these are commonly used for compensation and retention; they are informative about compensation timing but do not, by themselves, indicate the insider is buying or selling stock.