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
Apr 29, 2026
Reporting period
Not applicable
Filed with the SEC
May 1, 2026
DirectorOption exercise
Context
Classification
option exercise
Code M — exercise or conversion of a derivative security
Planned / mechanical clue
Footnote references dividend reinvestment
Only flagged when a footnote says so; never inferred
Source receipt
Record ID
0000723188-26-000089
Filed / recorded
May 1, 2026, 8:28 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
Apr 29, 2026
Transaction code
M
Shares / units
9
Acquired / disposed
Disposed (D)
Shares owned after
7,180.8232
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 April 29, 2026, the reporting person's phantom stock units were settled for 9 shares of Community Financial System, Inc. common stock, and .4418 shares were settled in cash at the price of $63.17 per share.
Includes 54.1540 units of phantom stock acquired on April 10, 2026 under the LTIP's dividend reinvestment feature.