Form 4: Financial Institutions Inc. Chief Risk Officer Reports Disposition of Shares
SEC Filing
Gary A. Pacos, Chief Risk Officer of Financial Institutions Inc., reports the disposition of 2,000 common stock shares and adjustments to restricted stock units.
Summary
- Gary A. Pacos, the Chief Risk Officer of Financial Institutions Inc. (FISI), filed a Form 4 with the SEC.
- The report details changes in his beneficial ownership of the company's securities.
- On March 6, 2025, Mr. Pacos disposed of 2,000 shares of common stock.
- He also reports owning 5,085 and 2,090 Restricted Stock Units.
- Each restricted stock unit represents a contingent right to receive one share of FISI common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.
Stakeholder Impact
- Shareholders may be interested in the transactions of company insiders as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 03/06/2025 | Date of transaction involving the disposition of common stock. |
| 03/07/2025 | Date of signature on the Form 4 filing. |
| 02/25/2028 | Expiration date of the Restricted Stock Units. |
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