Form 4: Financial Institutions Inc. Chief Risk Officer Acquires 2,000 Shares

Gary A. Pacos, Chief Risk Officer of Financial Institutions Inc., purchased 2,000 shares of the company's common stock at $25 per share.

Summary

• Gary A. Pacos, the Chief Risk Officer of Financial Institutions Inc., acquired 2,000 shares of the company's common stock on December 13, 2024.
• The shares were purchased at a price of $25 per share.
• This transaction was reported in a Form 4 filing with the Securities and Exchange Commission.
• The filing also includes a Limited Power of Attorney, granting Michael D. Grover, Sandra L. Byers, and William Jack Plants II the authority to file Section 16 forms on behalf of Gary A. Pacos.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing related to an insider stock purchase. It is neither particularly positive nor negative, but the purchase could be interpreted as a sign of confidence.

Positives

• The purchase of shares by a company officer can be seen as a positive sign of confidence in the company's future.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who trade their company's stock. It provides transparency into the transactions of company officers.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the United States.
• The transaction is typical of insider trading activity, which is closely monitored by regulators.
• Similar filings are made by officers and directors of all publicly listed companies.

Stakeholder Impact

• The purchase of shares by a company officer may be viewed positively by shareholders.

Key Dates

Keywords

Form 4, Section 16, insider trading, share purchase, common stock, Financial Institutions Inc., FISI, Chief Risk Officer, Gary A. Pacos