The estimated Net Worth of Brian R Ace is at least $4.29 Million dollars as of 29 February 2024. Mr. Ace owns over 3,631 units of Community System stock worth over $4,087,931 and over the last 21 years he sold CBU stock worth over $89,197. In addition, he makes $108,720 as Independent Director at Community System.
Brian has made over 24 trades of the Community System stock since 2004, according to the Form 4 filled with the SEC. Most recently he exercised 3,631 units of CBU stock worth $137,143 on 29 February 2024.
The largest trade he's ever made was exercising 7,712 units of Community System stock on 7 September 2004 worth over $28,149. On average, Brian trades about 764 units every 67 days since 2004. As of 29 February 2024 he still owns at least 72,584 units of Community System stock.
You can see the complete history of Mr. Ace stock trades at the bottom of the page.
Brian R. Ace serves as Independent Director of the Company. Mr. Ace is the former President of Laceyville Hardware and brings to the Board his business experience and an understanding of the business environment in Northeast Pennsylvania. He also has over 30 years of experience serving as a director of a national bank and previously served on the Company’s Audit, Nominating and Compensation Committees. Because of this significant period of service, Mr. Ace is thoroughly familiar with the duties and responsibilities of public company audit, nominating and compensation committees and brings this knowledge and expertise to the committees on which he serves.
As the Independent Director of Community System, the total compensation of Brian Ace at Community System is $108,720. There are 11 executives at Community System getting paid more, with Mark Tryniski having the highest compensation of $5,160,030.
Brian Ace is 65, he's been the Independent Director of Community System since 2003. There are 2 older and 18 younger executives at Community System. The oldest executive at Community Financial System Inc. is Michael Kallet, 69, who is the Independent Director.
Brian's mailing address filed with the SEC is C/O COMMUNITY BANK SYSTEM, INC., 5790 WIDEWATERS PARKWAY, DEWITT, NY, 13214.
Over the last 21 years, insiders at Community System have traded over $15,636,273 worth of Community System stock and bought 65,657 units worth $2,107,383 . The most active insiders traders include Mark E Tryniski, Nicholas A Dicerbo, and Sally A Steele. On average, Community System executives and independent directors trade stock every 22 days with the average trade being worth of $281,093. The most recent stock trade was executed by Dimitar Karaivanov on 13 June 2024, trading 1,000 units of CBU stock currently worth $43,520.
headquartered in dewitt, ny, a suburb of syracuse, community bank system, inc. (nyse:cbu) is a registered bank holding company with $7.4 billion in assets and approximately 180 customer facilities across upstate new york, where it operates as community bank, n.a. member fdic. equal housing lender. the company's other subsidiaries include: bpas, an employee benefits administration and consulting firm with offices in upstate new york, pittsburgh, philadelphia, houston and puerto rico; the cbna insurance agency, with offices in three northern new york communities; community investment services, a broker-dealer delivering financial products throughout the company's branch network; and nottingham advisors, a wealth management and advisory firm with offices in buffalo, ny, and north palm beach, fl.
Community System executives and other stock owners filed with the SEC include: