Form 4: Financial Institutions Inc. Executive Kevin B. Quinn Reports Stock Transactions

Kevin B. Quinn, Chief Comm Banking Officer at Financial Institutions Inc., reported the acquisition of 400 shares of common stock and an additional 20 shares through the company's 401(k) plan.

Summary

• Kevin B. Quinn, Chief Comm Banking Officer of Financial Institutions Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On December 13, 2024, Mr. Quinn acquired 400 shares of common stock at a price of $25 per share.
• Additionally, Mr. Quinn acquired 20 shares of common stock through the company's 401(k) plan.
• Following these transactions, Mr. Quinn directly owns 3,705 shares and indirectly owns 20 shares through the 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to insider trading and is common for executives of publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the United States, ensuring transparency of insider transactions.
• The reported transactions are typical for executives who participate in company stock purchase plans and 401(k) programs.
• Similar filings are made by executives at comparable financial institutions such as M&T Bank and KeyCorp.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine insider activity.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transactions, Financial Institutions Inc, Kevin B. Quinn, Insider Trading, SEC Filing