SEC Form 4 · accession 0000723188-26-000108
COMMUNITY FINANCIAL SYSTEM, INC. · CBU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John A Vaccaro
Director
Period of report
Aug 27, 2026
Accepted (ET)
Aug 28, 2026 · 4:26 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0000723188
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 27, 2026 | P | 317 | $63.11 | A | 492 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Stock (Deferred Compensation)F2,F1 | — | holding | — | — | — | — | — | Common Stock | 637 | 637 | D |
| Phantom Stock (Deferred Stock Units)F4,F3 | — | holding | — | — | — | — | — | Common Stock | 1,229 | 1,229 | D |
Explanation of responses
- F1Each unit of phantom stock is the economic equivalent of one share of Community Financial System, Inc. common stock. The units of phantom stock relating to the Deferred Compensation Plan ("DCP for Directors") will be settled in Community Financial System, Inc. common stock at future dates selected by the reporting person.
- F2Includes 2.2149 units of phantom stock acquired as dividend equivalents on July 10, 2026 under the DCP for Directors.
- F3The reporting person has received deferred stock units under the Community Financial System, Inc. 2022 Long-Term Incentive Plan, as amended (the "LTIP"). Each phantom stock unit which represents a deferred stock unit is the economic equivalent of one share of Community Financial System, Inc. common stock and will be settled in common stock at a predetermined date.
- F4Includes 8.5864 units of phantom stock acquired on July 10, 2026 under the LTIP's dividend reinvestment feature.