4/A: Financial Institutions Inc: Sandra L. Byers Corrects Restricted Stock Unit Grant
SEC Filing (Form 4/A)
Sandra L. Byers, Principal Accounting Officer of Financial Institutions Inc, files an amendment to correct the number of restricted stock units granted due to an administrative error.
Summary
- This is an amendment to a Form 4 filing by Sandra L. Byers, Principal Accounting Officer of Financial Institutions Inc (FISI).
- The amendment corrects the number of restricted stock units (RSUs) granted to Byers.
- The original filing was made on March 7, 2025, and this amendment is dated March 21, 2025.
- The correction pertains to an administrative error in calculating the number of RSUs.
- Byers directly owns 1,497 Restricted Stock Units.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing. The sentiment is neutral, with a slight negative due to the mention of an administrative error.
Negatives
- An administrative error led to an incorrect calculation of restricted stock units in the original filing.
Industry Context
Form 4 filings are a routine part of compliance for company insiders and are used to disclose transactions in the company's securities. Amendments are sometimes necessary to correct errors or omissions in the original filings.
Stakeholder Impact
- The correction of the RSU grant ensures accurate reporting to shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/06/2025 | Date of earliest transaction |
| 03/07/2025 | Date of original filing |
| 03/21/2025 | Date of amended filing |
| 02/25/2028 | Date Exercisable and Expiration Date of Restricted Stock Unit |
Keywords
Form 4, Amendment, Restricted Stock Units, FISI, Financial Institutions Inc, Sandra L. Byers, Principal Accounting Officer, Beneficial Ownership
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