Derivative exercise or conversion — not an open-market buy.
Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell
View the official recordSEC Form 4 — Statement of Changes in Beneficial OwnershipAll the details
Dates, kept separate
Transaction date
Mar 19, 2026
Reporting period
Not applicable
Filed with the SEC
Mar 23, 2026
DirectorOption exercise
Context
Classification
option exercise
Code M — exercise or conversion of a derivative security
Planned / mechanical clue
None found in footnotes
Only flagged when a footnote says so; never inferred
Source receipt
Record ID
0000723188-26-000082
Filed / recorded
Mar 23, 2026, 3:09 PM UTC
Added to OQRO
Oct 6, 2026, 10:14 PM UTC
Parser
form4-xml-v2
Data quality
Verified: identifiers matched exactly
Issuer
COMMUNITY FINANCIAL SYSTEM, INC.
Issuer CIK
723188
Ticker
CBU
Reporting person
Raymond C Iii Pecor
Relationship
Director
Security
Phantom Stock (Deferred Stock Units)
Table
Derivative (Table II)
Transaction date
Mar 19, 2026
Transaction code
M
Shares / units
1,254
Acquired / disposed
Disposed (D)
Shares owned after
7,136.111
Ownership form
Direct
Amendment
No
Footnotes from the filing
The 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.
On March 19, 2026, the reporting person's phantom stock units were settled for 1,254 shares of Community Financial System, Inc. common stock, and .5514 shares were settled in cash at the price of $55.61 per share.