Form 4: Financial Institutions Inc. President & CEO Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Martin K. Birmingham, President & CEO of Financial Institutions Inc., reports changes in beneficial ownership of company stock, including acquisitions under the 401(k) plan and holdings of restricted stock units.
Summary
- Martin K. Birmingham, the President & CEO of Financial Institutions Inc. (FISI), filed a Form 4 to report changes in his beneficial ownership of the company's stock.
- The report indicates that Mr. Birmingham directly owns 126,732 shares of FISI common stock.
- He also indirectly owns 7,500 shares held in an IRA and 14,380 shares held in a 401(k) plan, with 159 shares acquired under the FISI 401(k) plan since the last report.
- Additionally, Mr. Birmingham holds restricted stock units, with each unit representing a contingent right to receive one share of FISI common stock.
- He holds 9,061 and 25,586 restricted stock units, both expiring on 02/25/2028.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting changes in beneficial ownership, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency to investors regarding the holdings and transactions of company executives.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the holdings of the company's CEO.
- It assures stakeholders that the CEO's interests are aligned with theirs through stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/06/2025 | Date of Earliest Transaction |
| 03/07/2025 | Date of signature for the report |
| 02/25/2028 | Expiration date of restricted stock units |
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