Form 4: Financial Institutions Inc. CFO Reports Changes in Beneficial Ownership

William Jack Plants II, CFO of Financial Institutions Inc., reports changes in his beneficial ownership of company stock, including acquisitions through a 401(k) plan and holdings of restricted stock units.

Summary

• William Jack Plants II, the Chief Financial Officer of Financial Institutions Inc. (FISI), filed a Form 4 to report changes in his beneficial ownership of the company's securities.
• The report indicates the acquisition of 18 shares of common stock through the FISI 401(k) plan since the last ownership report.
• Plants also holds 1,625 shares of common stock indirectly through a 401(k) plan and 4,937 shares indirectly through an IRA.
• Additionally, he directly owns restricted stock units, with each unit representing a contingent right to receive one share of FISI common stock.
• He holds 3,063 and 7,640 restricted stock units, both vesting on 02/25/2028.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Positives

• The acquisition of shares through the 401(k) plan indicates participation in the company's employee benefits program.
• The holding of restricted stock units aligns the CFO's interests with the long-term performance of the company.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and ownership positions. It's common for executives to hold company stock and restricted stock units as part of their compensation packages.

Stakeholder Impact

• Shareholders gain insight into the CFO's holdings and alignment with company performance.

Key Dates