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

Kevin B. Quinn, Chief Comm Banking Officer of Financial Institutions Inc., files an amendment to correct the number of restricted stock units granted due to an administrative error.

Summary

• Kevin B. Quinn, Chief Comm Banking Officer of Financial Institutions Inc. (FISI), filed an amended Form 4 with the SEC.
• The amendment corrects the number of restricted stock units (RSUs) granted to Quinn.
• The original calculation was incorrect due to an administrative error.
• Each RSU represents a contingent right to receive one share of FISI common stock.
• The RSUs vest on 02/25/2028.
• Following the correction, Quinn beneficially owns 6,900 restricted stock units.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting an administrative error. While the error itself is slightly negative, the correction is a positive step towards transparency and accuracy.

Negatives

• An administrative error led to an incorrect calculation of restricted stock units granted to Kevin B. Quinn, requiring an amendment to the original filing.

Industry Context

This filing is a routine disclosure related to executive compensation and is common in the financial services industry. It reflects standard practices for aligning executive incentives with shareholder value through equity-based compensation.

Stakeholder Impact

• The correction of the restricted stock unit grant ensures accurate reporting and transparency for shareholders.

Key Dates

Keywords

restricted stock units, Form 4, amendment, FISI, Financial Institutions Inc., Kevin B. Quinn, beneficial ownership, SEC filing