Form 4: Financial Institutions Inc. Executive Plants Exercises Stock Options
SEC Form 4 Filing
William Jack Plants II, Chief Financial Officer of Financial Institutions Inc., reports the exercise of stock options and subsequent sale of shares on March 16, 2025.
Summary
- On March 16, 2025, William Jack Plants II, the Chief Financial Officer of Financial Institutions Inc. (FISI), exercised restricted stock units, converting them into common stock.
- He exercised 1,000 restricted stock units and 1,604 restricted stock units.
- Following the conversion, Mr. Plants disposed of 2,604 shares.
- He also disposed of 935 shares to cover tax obligations at a price of $26.05 per share.
- After these transactions, Mr. Plants directly owns 5,499 shares of FISI common stock.
- He also indirectly owns 1,625 shares through a 401K plan and 4,937 shares through an IRA.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
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
| Date | Description |
|---|---|
| 03/16/2025 | Date of transaction: exercise of restricted stock units and sale of shares. |
| 03/18/2025 | Date of report filing. |
Keywords
Form 4, FISI, Financial Institutions Inc., William Jack Plants II, CFO, Stock Options, Restricted Stock Units, Insider Trading
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