Form 4: Financial Institutions Inc. Officer Reports Changes in Beneficial Ownership

Kevin B. Quinn, Chief Comm Banking Officer of Financial Institutions Inc., reports changes in beneficial ownership of common stock and restricted stock units.

Summary

• Kevin B. Quinn, a Chief Comm Banking Officer at Financial Institutions Inc. (FISI), filed a Form 4 to report changes in beneficial ownership.
• The earliest transaction date reported is March 6, 2025.
• Quinn disposed of 3,705 shares of common stock.
• He also indirectly owns 24 shares of common stock held in a 401(k) plan.
• Quinn directly owns 2,437 and 6,898 restricted stock units, each representing a contingent right to receive one share of FISI common stock, exercisable on 02/25/2028 and expiring on 02/25/2028.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it's a standard regulatory filing reporting transactions. The disposal of shares could be seen as slightly negative, but without further context, it's difficult to assess the overall impact.

Negatives

• The reporting indicates a disposal of 3,705 shares of common stock by a company officer.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency to the market regarding their transactions in the company's securities.

Stakeholder Impact

• Shareholders may be interested in the transactions of company insiders as an indicator of management's view of the company's prospects.

Key Dates