4/A: Eric W. Marks Reports Correction to Restricted Stock Unit Grant Date

Sentiment:

SEC Filing


Eric W. Marks, Chief Consumer Banking Officer of Financial Institutions Inc, files an amendment to correct the grant date of a restricted stock unit award.

Summary

  • This is an amendment to a Form 4 filing by Eric W. Marks, Chief Consumer Banking Officer of Financial Institutions Inc (FISI).
  • The amendment corrects the grant date of a restricted stock unit (RSU) award.
  • The original filing was made on March 27, 2025.
  • The corrected grant date for the 2,500 restricted stock units is March 3, 2025.
  • Each RSU represents a contingent right to receive one share of FISI common stock, exercisable on March 3, 2028, and expiring on March 3, 2028.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting a minor error. It doesn't contain information that would significantly impact investor sentiment.

Industry Context

Form 4 filings are standard practice for reporting insider transactions and holdings in publicly traded companies, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

  • The correction of the grant date ensures accurate reporting of executive compensation, which is important for shareholder transparency.

Key Dates

DateDescription
03/03/2025Corrected grant date of restricted stock units
03/27/2025Date of original filing
03/03/2028Date restricted stock units exercisable
03/03/2028Expiration date of restricted stock units
04/03/2025Date of amendment filing

Keywords

Form 4, Amendment, Restricted Stock Units, FISI, Financial Institutions Inc, Eric W. Marks, Insider Trading

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