Martin Kearney Birmingham - 25 Feb 2023 Form 4 Insider Report for FINANCIAL INSTITUTIONS INC (FISI)

Role
President & CEO
Signature
Sonia M. Dumbleton, by power of attorney
Issuer symbol
FISI
Transactions as of
25 Feb 2023
Net transactions value
-$125,922
Form type
4
Filing time
02 Mar 2023, 14:39:40 UTC
Previous filing
07 Nov 2022
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 +13,882 +14% 115,682 25 Feb 2023 Direct F1
transaction FISI Common Stock Tax liability $125,922 -5,096 -4.4% $24.71 110,586 25 Feb 2023 Direct
holding FISI Common Stock 10,862 25 Feb 2023 Held in 401K Plan F2
holding FISI Common Stock 7,500 25 Feb 2023 Held in IRA

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 +7,710 $0.000000 7,710 25 Feb 2023 Common Stock 7,710 Direct F3
transaction FISI Restricted Stock Unit Options Exercise $0 -7,710 -100% $0.000000* 0 25 Feb 2023 Common Stock 7,710 Direct F1
transaction FISI Restricted Stock Unit Options Exercise $0 -6,172 -100% $0.000000* 0 25 Feb 2023 Common Stock 7,710 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into shares of common stock on a one-for-one basis.
F2 Includes 126 share acquired under the FISI 401(k) plan since the date of the reporting person's last ownership report.
F3 Each restricted stock unit represents a contingent right to receive one share of FISI common stock.