Form 4: Financial Institutions Inc. Executive Reports Beneficial Ownership Changes
SEC Form 4 Filing
Samuel J. Burruano Jr., Chief Legal Officer of Financial Institutions Inc., reports changes in beneficial ownership of company stock and restricted stock units.
Summary
- Samuel J. Burruano Jr., Chief Legal Officer of Financial Institutions Inc. (FISI), filed a Form 4 with the SEC on March 7, 2025.
- The filing reports changes in his beneficial ownership of FISI securities.
- He directly owns 12,206 shares of common stock.
- He also holds restricted stock units, with 2,677 and 6,345 units respectively.
- Each restricted stock unit represents a contingent right to receive one share of FISI common stock.
- The restricted stock units expire on February 25, 2028.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 03/06/2025 | Date of Earliest Transaction |
| 03/07/2025 | Date of Form 4 Filing |
| 02/25/2028 | Expiration Date of Restricted Stock Units |
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