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

William Jack Plants II, CFO of Financial Institutions Inc., files an amendment to his Form 4 to correct the number of restricted stock units granted due to an administrative error.

Summary

• William Jack Plants II, Chief Financial 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 Plants.
• The original calculation was incorrect due to an administrative error.
• The corrected filing indicates that Plants holds restricted stock units, each representing a contingent right to receive one share of FISI common stock.
• The restricted stock units vest on 02/25/2028 and expire on 02/25/2028.
• The corrected number of restricted stock units is 7,642.

Sentiment

Score: 7

Explanation: The document is a routine correction of an administrative error in an SEC filing. While the error itself is slightly negative, the prompt correction is a positive sign of diligence. Overall, the sentiment is neutral to slightly positive.

Negatives

• The original filing contained an error in the calculation of restricted stock units granted to the CFO.

Risks

• Administrative errors in stock grant calculations can lead to compliance issues and potential reputational risk.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry. It reflects standard practices for incentivizing and retaining key personnel.

Stakeholder Impact

• The correction of the stock unit grant ensures accurate reporting to shareholders and maintains transparency.

Key Dates

Keywords

Form 4, amendment, restricted stock units, FISI, Financial Institutions Inc., William Jack Plants II, CFO, SEC filing, beneficial ownership