Form 4: FISI Chief Legal Officer Reports Stock Transactions
Insider Transaction Report
FINANCIAL INSTITUTIONS INC's Chief Legal Officer, Samuel J. Burruano Jr., reported the acquisition and subsequent disposition of common stock related to restricted stock units.
Summary
- Samuel J. Burruano Jr., Chief Legal Officer of FINANCIAL INSTITUTIONS INC (FISI), reported transactions on March 20, 2026.
- Acquired 2,416 shares of common stock upon the conversion of restricted stock units.
- Disposed of 870 shares of common stock at a price of $30.59 per share to cover tax withholding obligations.
- Following these transactions, Burruano Jr. directly owns 15,238 shares of FISI common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as Form 4 reports are standard disclosures of insider stock transactions and do not typically convey positive or negative company-specific news.
Industry Context
StockSavvy.ai notes that Form 4 filings are routine disclosures of insider transactions, providing transparency into executive stock ownership changes. These transactions are specific to the individual and do not inherently reflect broader industry trends.
Stakeholder Impact
- Shareholders gain transparency into insider ownership changes, which is a standard regulatory requirement.
Key Dates
| Date | Description |
|---|---|
| 03/20/2026 | Transaction Date for acquisition and disposition of common stock. |
| 03/23/2026 | Signature Date of the reporting person's power of attorney. |
Keywords
FINANCIAL INSTITUTIONS INC, FISI, Form 4, Insider Trading, Restricted Stock Units, Common Stock, Samuel J. Burruano Jr., Chief Legal Officer
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