4/A: Eric W. Marks Reports Correction to Restricted Stock Unit Grant Date
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
| Date | Description |
|---|---|
| 03/03/2025 | Corrected grant date of restricted stock units |
| 03/27/2025 | Date of original filing |
| 03/03/2028 | Date restricted stock units exercisable |
| 03/03/2028 | Expiration date of restricted stock units |
| 04/03/2025 | Date of amendment filing |
Keywords
Form 4, Amendment, Restricted Stock Units, FISI, Financial Institutions Inc, Eric W. Marks, Insider Trading
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