4/A: Financial Institutions Inc. Executive Corrects Stock Unit Grant Calculation

Blake G. Jones, Chief Marketing Officer of Financial Institutions Inc., files an amendment to a previous Form 4 to correct the number of restricted stock units granted due to an administrative error.

Summary

• Blake G. Jones, the Chief Marketing Officer of Financial Institutions Inc. (FISI), filed an amended Form 4 with the SEC.
• The amendment, dated March 21, 2025, corrects the number of restricted stock units (RSUs) granted to Jones.
• The original filing, dated March 7, 2025, contained an incorrect calculation of the RSUs due to an administrative error.
• The corrected filing shows Jones beneficially owns 2,690 restricted stock units, each representing a contingent right to receive one share of FISI common stock.
• These RSUs are exercisable on February 25, 2028, and expire on February 25, 2028.

Sentiment

Score: 7

Explanation: The document is a routine correction of an administrative error in a stock unit grant, which is neutral to slightly positive as it ensures accurate reporting.

Negatives

• An administrative error led to an incorrect calculation of restricted stock units in the original filing.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency in the market.

Key Dates

Keywords

Form 4, Amendment, Restricted Stock Units, FISI, Financial Institutions Inc., Blake G. Jones, Chief Marketing Officer, SEC