Form 4: Financial Institutions Inc. Director Andrew W. Dorn Jr. Reports Acquisition of Common Stock
SEC Filing Form 4
Director Andrew W. Dorn Jr. reported acquiring 2,001 shares of Financial Institutions Inc. common stock on June 5, 2024.
Summary
- On June 5, 2024, Andrew W. Dorn Jr., a director of Financial Institutions Inc., acquired 2,001 shares of common stock.
- The transaction was reported on a Form 4 filing with the SEC.
- Following the transaction, Dorn directly owns 34,423 shares of Financial Institutions Inc.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing. It simply reports a transaction and doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency regarding the transactions of company insiders, such as directors and officers, in their own company's stock. This allows the public to monitor insider activity, which can sometimes provide insights into a company's prospects.
Stakeholder Impact
- The transaction provides shareholders with information about insider trading activity, which can influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| May 22, 2024 | Date of Limited Power of Attorney for Section 16 Reporting Obligations. |
| June 05, 2024 | Date of transaction where common stock was acquired. |
| June 07, 2024 | Date of Form 4 signature. |
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