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

Laurie R. Collins, Chief Human Resources Officer of Financial Institutions Inc., files an amendment to a Form 4, correcting the number of restricted stock units granted due to an administrative error.

Summary

• Laurie R. Collins, Chief Human Resources 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 Collins.
• The original filing, dated March 7, 2025, contained an incorrect calculation of the RSUs due to an administrative error.
• The corrected filing shows Collins beneficially owning 5,890 Restricted Stock Units.
• Each RSU represents a contingent right to receive one share of FISI common stock, exercisable on 02/25/2028 and expiring on 02/25/2028.

Sentiment

Score: 7

Explanation: The document is a routine correction of an administrative error in an SEC filing. It doesn't indicate any fundamental issues with the company, but the initial error is a minor negative.

Negatives

• The original Form 4 filing contained an administrative error, leading to an incorrect calculation of restricted stock units granted to Laurie R. Collins.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The correction ensures accurate reporting of executive compensation, which is important for shareholder transparency.

Key Dates

Keywords

Form 4, Amendment, Restricted Stock Units, FISI, Financial Institutions Inc., Laurie R. Collins, Beneficial Ownership, SEC Filing