COMMUNITY FINANCIAL SYSTEM, INC. (CBU) — Insider Trading

AI-Powered SEC Filing Analysis

Latest Insider Trading Filed: 2026-05-05

Key Insights

EVP & Chief Financial Officer Marya Burgio Wlos acquired 273 shares of CBU on 05/04/2026 at $63.62 per share through vesting of restricted stock, indicating ongoing equity compensation alignment with company performance.
The transaction was executed to cover tax liability associated with the restricted stock vesting, a routine administrative action that does not reflect discretionary insider buying or selling sentiment.
Burgio Wlos maintains a modest direct shareholding of 1,993 shares plus 488.63 shares indirectly held through the company's 401(k) plan, demonstrating reasonable personal financial commitment to the organization.
This Form 4 filing represents routine equity compensation activity typical for senior executives and does not signal material changes in insider confidence or company fundamentals.

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Earlier Insider Trading filings

Filed: 2026-05-01

Director Sally A. Steele acquired 9 shares of CBU common stock on April 29, 2026, through settlement of phantom stock units under the company's 2022 Long-Term Incentive Plan, with an additional 0.4418 shares settled in cash at $63.17 per share.
Steele maintains substantial beneficial ownership of 41,227 shares directly and 4,585 shares indirectly (held jointly with brother), indicating significant personal investment alignment with shareholder interests as a board member.
The settlement of deferred stock units demonstrates the company's use of equity-based compensation for directors, though the modest transaction size (9 shares) suggests routine vesting activity rather than a major insider accumulation signal.
No material insider selling activity is reported; the transaction reflects only equity compensation settlement, which is generally a neutral event from a corporate governance perspective.

Filed: 2026-05-01

Director Raymond C. Pecor III acquired 9 shares of common stock on April 29, 2026 through settlement of phantom stock units under the 2022 Long-Term Incentive Plan, representing compensation rather than discretionary market purchases.
The reporting person holds 11,448.221 shares directly and disclaims beneficial ownership of 11,277.977 shares held indirectly through a trust, indicating significant but complex ownership structure in CBU.
Total phantom stock holdings of 7,180.8232 units represent deferred compensation that will convert to common stock, demonstrating the company's use of equity-based incentive plans for executive retention.

Filed: 2026-05-01

Director John Parente acquired 9 shares of CBU common stock on April 29, 2026, through settlement of phantom stock units under the 2022 Long-Term Incentive Plan, representing compensation equity vesting rather than discretionary market purchases.
Parente's total direct beneficial ownership stands at approximately 72,654 shares following the transaction, indicating substantial personal investment in the company as a board member.
The filing includes three separate disclaimers of beneficial ownership for shares held in trusts for Parente's children, clarifying that these holdings should not be attributed to the reporting person for Section 16 purposes.
The phantom stock settlement also included a cash component of 0.4418 shares at $63.17 per share, reflecting the LTIP's automatic dividend reinvestment feature that increased units from 9 to 9.4418 units before settlement.

Filed: 2026-05-01

Director Jeffery J. Knauss acquired 9 shares of common stock on April 29, 2026, through settlement of phantom stock units (deferred stock units) under the 2022 Long-Term Incentive Plan, indicating compensation structure aligned with company performance.
The settlement included 9.4418 phantom stock units with dividend reinvestment, demonstrating the insider is accumulating equity stake and reinvesting dividends, which signals confidence in the company's long-term value.
The transaction involved a cash settlement of 0.4418 shares at $63.17 per share, showing the stock was trading at that price level on the settlement date and representing a modest insider equity increase.

Filed: 2026-03-23

The reporting person, Sally A. Steele, acquired 1,254 shares of Community Financial System, Inc. (CBU) common stock through the settlement of phantom stock units on March 19, 2026.
Steele also owns an additional 4,585 shares of CBU common stock jointly with her brother, indicating an ongoing interest in the company.
The settlement of phantom stock units suggests Steele is being compensated through a long-term incentive plan, which could align her interests with those of other shareholders.

Filed: 2026-03-23

The reporting person, John Parente, acquired 1,254 shares of Community Financial System, Inc. (CBU) common stock through the settlement of phantom stock units under the company's long-term incentive plan.
The transaction occurred on March 19, 2026, and increased Parente's direct beneficial ownership of CBU common stock to 72,645.3212 shares.
Insider transactions, such as this acquisition, can provide insights into management's confidence in the company's outlook and future performance.

Filed: 2026-03-23

Jeffery J. Knauss, a director of Community Financial System, Inc. (CBU), exercised 1,254 phantom stock units on March 19, 2026, receiving 1,254 shares of common stock.
The phantom stock units were granted under the company's 2022 Long-Term Incentive Plan, indicating the director's ongoing involvement and alignment with shareholder interests.
The transaction was executed at a price of $55.61 per share, with a small portion settled in cash, suggesting the director's continued confidence in the company's performance.

Filed: 2026-03-23

The reporting person, Raymond C. Pecor III, acquired 1,254 shares of Community Financial System, Inc. (CBU) common stock through the settlement of his phantom stock units.
Pecor also holds an additional 11,277.977 shares of CBU common stock indirectly through a trust, indicating his substantial ownership position in the company.
The settlement of the phantom stock units represents a conversion of Pecor's deferred equity compensation into direct ownership of CBU shares, potentially signaling his confidence in the company's long-term prospects.

Filed: 2026-03-19

Marya Burgio Wlos, the EVP and Chief Financial Officer, disposed of 2,266 shares of Community Financial System, Inc. (CBU) common stock on 03/17/2026.
Wlos also acquired 1,571 restricted stock units and 6,004 stock options as part of her compensation package, indicating ongoing alignment with shareholder interests.
The insider transactions suggest routine portfolio management and not a significant change in Wlos' ownership position or outlook on the company.

Filed: 2026-03-19

Jeffery J. Knauss, a director of Community Financial System, Inc., acquired 1,220 phantom stock units (equivalent to 1,220 shares of common stock) on March 17, 2026, indicating continued insider investment in the company.
The phantom stock units will be settled in common stock at a predetermined date, providing Knauss with a deferred equity interest in the company.
Knauss has received additional dividend equivalent phantom stock units over the past year, further increasing his beneficial ownership in Community Financial System.

Filed: 2026-03-19

Insider Mark J. Bolus has made a significant purchase of 106,250 shares of COMMUNITY FINANCIAL SYSTEM, INC. (CBU) common stock, indicating his confidence in the company's prospects.
Bolus has also acquired additional shares through the company's dividend reinvestment plan, further increasing his beneficial ownership.
The reporting of these transactions in a Form 4 filing suggests transparency and compliance with SEC regulations for insider trading.

Filed: 2026-03-19

Deresa F. Durkee, SVP and Chief Accounting Officer of Community Financial System, Inc. (CBU), has disposed of 5,180.604 shares of the company's common stock.
Durkee also holds an additional 218 shares indirectly through her spouse, and 654.8825 shares through the company's 401(k) plan.
The reporting person has been granted 1,812 restricted stock units that will vest in three equal installments starting March 1, 2027.

Filed: 2026-03-19

Michele Sullivan, a director of Community Financial System, Inc. (CBU), acquired 447.3116 units of deferred stock (deferred compensation) on March 19, 2026.
The deferred stock units will be settled in CBU common stock at future dates selected by the reporting person.
This insider transaction indicates that a director is accumulating shares, which could be a positive signal for the company's performance and future outlook.

Filed: 2026-03-19

Insider John A. Vaccaro has acquired 314.6916 shares of Community Financial System, Inc. (CBU) through a deferred compensation plan, increasing his direct ownership stake in the company.
The shares were acquired at a price of $55.61 per share, which appears to be in line with the company's stock price at the time of the transaction.
This transaction suggests that Vaccaro, who serves as a director of the company, has confidence in the long-term prospects of Community Financial System and is willing to increase his personal investment in the company.

Filed: 2026-03-19

Insider Matthew K. Durkee, SVP and Chief Banking Officer, made a significant stock disposition of 2,858 shares, indicating potential changes in his personal financial portfolio.
Durkee also holds a substantial indirect beneficial ownership of 9,888.7927 shares through the company's 401(k) plan, suggesting his long-term alignment with the company's interests.
The filing shows Durkee received 1,449 restricted stock units and 5,537 stock options, which vest over time, aligning his compensation with the company's long-term performance.

Filed: 2026-03-19

Dimitar Karaivanov, the President and CEO of Community Financial System, Inc., acquired 6,277 restricted stock units and 23,984 stock options on March 17, 2026, indicating his confidence in the company's future performance.
Karaivanov also disposed of 23,657 shares of common stock, potentially for personal reasons or to diversify his holdings.
The company's 401(k) plan owns 3,303.5335 shares of the company's common stock, suggesting employee confidence in the organization.

Filed: 2026-03-19

The reporting person, Neil E. Fesette, is a director of Community Financial System, Inc. (CBU), indicating insider involvement.
Fesette has acquired 1,220 phantom stock units (deferred stock units) under the company's 2022 Long-Term Incentive Plan, suggesting potential incentive alignment with shareholders.
Fesette has also increased his beneficial ownership of the company's common stock by 11,270.349 shares, potentially signaling confidence in the company's performance.

Other reports for COMMUNITY FINANCIAL SYSTEM, INC.

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Important Information

AI-generated analysis is for informational purposes only. Always read original SEC filings and consult with qualified professionals before making investment decisions.