Samuel J. Burruano Jr - Feb 25, 2023 Form 4 Insider Report for FINANCIAL INSTITUTIONS INC (FISI)

Role
Executive Vice President
Signature
Sonia M. Dumbleton, by power of attorney
Stock symbol
FISI
Transactions as of
Feb 25, 2023
Transactions value $
-$27,823
Form type
4
Date filed
3/2/2023, 02:38 PM
Previous filing
Feb 9, 2023
Next filing
Mar 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FISI Common Stock Options Exercise +2.73K +59.85% 7.28K Feb 25, 2023 Direct F1
transaction FISI Common Stock Tax liability -$27.8K -1.13K -15.46% $24.71 6.16K Feb 25, 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FISI Restricted Stock Unit Award $0 +1.51K $0.00 1.51K Feb 25, 2023 Common Stock 1.51K Direct F1
transaction FISI Restricted Stock Unit Options Exercise $0 -1.51K -100% $0.00* 0 Feb 25, 2023 Common Stock 1.51K Direct F2
transaction FISI Restricted Stock Unit Options Exercise $0 -1.21K -100% $0.00* 0 Feb 25, 2023 Common Stock 1.21K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of FISI common stock.
F2 Restricted stock units convert into shares of common stock on a one-for-one basis.