Form 4: Financial Institutions Inc. CFO Plants Reports Stock Transactions
SEC Form 4 Filing
William Jack Plants II, CFO of Financial Institutions Inc., reports acquisition and disposal of common stock and restricted stock units.
Summary
- William Jack Plants II, the Chief Financial Officer of Financial Institutions Inc. (FISI), filed a Form 4 detailing changes in beneficial ownership.
- On March 19, 2024, Plants acquired 3,578 shares of common stock through the conversion of restricted stock units.
- Also on March 19, 2024, Plants disposed of 1,288 shares of common stock to cover tax obligations at a price of $18.29 per share.
- Plants directly owns 3,830 shares of common stock following these transactions.
- Plants also indirectly owns 1,539 shares through a 401(k) plan and 2,137 shares through an IRA.
- He also holds 2,132 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely insignificant.
Key Dates
| Date | Description |
|---|---|
| 03/19/2024 | Date of earliest transaction: acquisition and disposal of common stock and restricted stock units. |
| 03/21/2024 | Date of signature by power of attorney. |
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