Form 4: Financial Institutions Inc. Executive Vice President Samuel J. Burruano, Jr. Reports Changes in Beneficial Ownership

Executive Vice President Samuel J. Burruano, Jr. of Financial Institutions Inc. reports transactions involving common stock and restricted stock units.

Summary

• On March 19, 2024, Samuel J. Burruano, Jr., Executive Vice President of Financial Institutions Inc., reported changes in his beneficial ownership of the company's securities.
• These changes involve transactions in common stock and restricted stock units.
• Specifically, 3,578 shares of common stock were acquired, and 527 shares were disposed of at a price of $18.29.
• Additionally, transactions involving restricted stock units occurred, with 2,132 units acquired and 2,132 and 1,446 units converted into common stock.
• Following these transactions, Burruano directly owns 10,206 shares of common stock and 2,132 restricted stock units.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It is standard practice for executives to receive and trade company stock as part of their compensation.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly altering the ownership structure.

Key Dates