Form 4: Financial Institutions Inc. Executive Samuel J. Burruano, Jr. Reports Stock Transactions

Chief Legal Officer Samuel J. Burruano, Jr. of Financial Institutions Inc. reports the acquisition and disposal of common stock and restricted stock units on March 16, 2025.

Summary

• On March 16, 2025, Samuel J. Burruano, Jr., Chief Legal Officer of Financial Institutions Inc. (FISI), reported transactions involving the company's stock.
• These transactions included the acquisition of 2,392 shares of common stock through the vesting of restricted stock units.
• Additionally, 906 shares were disposed of at a price of $26.05.
• Following these transactions, Burruano directly owns 13,692 shares of FISI common stock.
• The reported transactions also involved the conversion of 1,000 and 1,392 restricted stock units into common stock.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions by an officer. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key executives and their potential impact on the company's stock.

Stakeholder Impact

• The transactions may be of interest to shareholders as they provide insight into the actions of a key executive.

Key Dates

Keywords

Form 4, FISI, Financial Institutions Inc, Samuel J. Burruano Jr, Chief Legal Officer, Stock Transactions, Restricted Stock Units, Beneficial Ownership