Director Savneet Singh filed a Form 4 with the SEC on September 10, 2026, disclosing the open-market purchase of 400 shares of Community Financial System, Inc. common stock on September 9, 2026.

Key Highlights

  • Purchase transaction: Savneet Singh, a director at Community Financial System, Inc. (NYSE:CBU), acquired 400 shares of common stock on 09/09/2026 at a weighted average price of $62.47 per share.
  • Price range: The shares were purchased in multiple transactions at prices ranging from $62.41 to $62.53, inclusive, according to the filing.
  • Resulting direct ownership: Following the transaction, Singh directly holds 418 shares of common stock.
  • Deferred Compensation Plan units: Singh also holds 1,396.7397 units of phantom stock under the Deferred Compensation Plan for Directors, including dividend equivalent units acquired on April 10, 2026 and July 10, 2026.
  • LTIP deferred stock units: Singh holds 2,501.4755 phantom stock units under the Community Financial System, Inc. 2022 Long-Term Incentive Plan, including dividend reinvestment units acquired on April 10, 2026 and July 10, 2026.

Singh's Open-Market Purchase and Beneficial Ownership Details at Community Financial System

According to the Form 4 filing dated September 10, 2026, Savneet Singh, a director of Community Financial System, Inc., purchased 400 shares of the company's common stock on September 9, 2026. The filing reports a weighted average price of $62.47 per share, with individual transactions occurring at prices between $62.41 and $62.53, inclusive. The filing notes that Singh will provide full information on shares purchased at each separate price within that range upon request.

Following the reported purchase, Singh's direct beneficial ownership of common stock stands at 418 shares. In addition to direct holdings, the filing discloses two categories of derivative securities held directly. Under the Deferred Compensation Plan for Directors, Singh holds 1,396.7397 units of phantom stock, each the economic equivalent of one share of common stock, to be settled in common stock at future dates selected by the reporting person. This total includes 10.3606 units acquired as dividend equivalents on April 10, 2026 and 9.7616 units acquired on July 10, 2026.

Separately, the filing discloses 2,501.4755 phantom stock units held under the Community Financial System, Inc. 2022 Long-Term Incentive Plan, as amended. Each unit represents a deferred stock unit equivalent to one share of common stock, to be settled in common stock at a predetermined date. This figure includes 9.4416 units acquired on April 10, 2026 and 17.4825 units acquired on July 10, 2026 through the LTIP's dividend reinvestment feature. The filing was signed by Danielle M. Cima pursuant to a confirming statement executed by Savneet Singh.

What Was Disclosed

The filing discloses a September 9, 2026 open-market purchase of 400 common shares by director Savneet Singh at a weighted average price of $62.47, bringing direct holdings to 418 shares, alongside separately reported derivative security positions under two deferred compensation arrangements.