Form 4: Financial Institutions Inc. Executive Exercises Stock Options and Disposes of Shares

Kevin B. Quinn, Chief Comm Banking Officer of Financial Institutions Inc., reports exercising stock options and disposing of shares on March 16, 2025.

Summary

• On March 16, 2025, Kevin B. Quinn, Chief Comm Banking Officer of Financial Institutions Inc. (FISI), executed transactions involving the company's stock.
• Quinn exercised restricted stock units, converting them into 2,532 shares of common stock.
• He then disposed of 2,532 shares related to the restricted stock units.
• Additionally, Quinn disposed of 962 shares of common stock at a price of $26.05.
• Following these transactions, Quinn directly owns 5,275 shares of FISI common stock.
• He also indirectly owns 28 shares held in a 401(k) plan.
• The filing indicates that the transactions were made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard regulatory filing detailing stock transactions. No inherent positive or negative implications.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.

Key Dates