4/A: Financial Institutions Inc. Executive Corrects Stock Unit Grant Calculation in Amended SEC Filing

Gary A. Pacos, Chief Risk Officer of Financial Institutions Inc., files an amendment to a previous SEC Form 4 to correct the number of restricted stock units granted due to an administrative error.

Summary

• Gary A. Pacos, Chief Risk Officer of Financial Institutions Inc. [FISI], filed an amended SEC Form 4/A on March 21, 2025.
• The amendment corrects the number of restricted stock units (RSUs) granted, which was incorrectly calculated due to an administrative error.
• The corrected filing shows that Pacos beneficially owns 5,089 restricted stock units, each representing a contingent right to receive one share of FISI common stock.
• The RSUs are scheduled to vest on February 25, 2028.
• The original filing was made on March 7, 2025, and the earliest transaction date reported is March 6, 2025.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing correcting an administrative error. It doesn't indicate significant positive or negative sentiment.

Negatives

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

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.

Stakeholder Impact

• The correction of the RSU grant ensures accurate reporting to shareholders.

Key Dates

Keywords

SEC Form 4/A, Financial Institutions Inc, FISI, Gary A. Pacos, Restricted Stock Units, Amendment, Chief Risk Officer, Beneficial Ownership