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

Role
Executive Vice President
Signature
Sonia M. Dumbleton, by power of attorney
Issuer symbol
FISI
Transactions as of
25 Feb 2023
Net transactions value
-$27,823
Form type
4
Filing time
02 Mar 2023, 14:38:20 UTC
Previous filing
09 Feb 2023
Next filing
23 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FISI Common Stock Options Exercise +2,726 +60% 7,281 25 Feb 2023 Direct F1
transaction FISI Common Stock Tax liability $27,823 -1,126 -15% $24.71 6,155 25 Feb 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 +1,514 $0.000000 1,514 25 Feb 2023 Common Stock 1,514 Direct F1
transaction FISI Restricted Stock Unit Options Exercise $0 -1,514 -100% $0.000000* 0 25 Feb 2023 Common Stock 1,514 Direct F2
transaction FISI Restricted Stock Unit Options Exercise $0 -1,212 -100% $0.000000* 0 25 Feb 2023 Common Stock 1,212 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.