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

Role
President & CEO
Signature
Sonia M. Dumbleton, by power of attorney
Stock symbol
FISI
Transactions as of
Feb 25, 2023
Transactions value $
-$125,922
Form type
4
Date filed
3/2/2023, 02:39 PM
Previous filing
Nov 7, 2022
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 +13.9K +13.64% 116K Feb 25, 2023 Direct F1
transaction FISI Common Stock Tax liability -$126K -5.1K -4.41% $24.71 111K Feb 25, 2023 Direct
holding FISI Common Stock 10.9K Feb 25, 2023 Held in 401K Plan F2
holding FISI Common Stock 7.5K Feb 25, 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 +7.71K $0.00 7.71K Feb 25, 2023 Common Stock 7.71K Direct F3
transaction FISI Restricted Stock Unit Options Exercise $0 -7.71K -100% $0.00* 0 Feb 25, 2023 Common Stock 7.71K Direct F1
transaction FISI Restricted Stock Unit Options Exercise $0 -6.17K -100% $0.00* 0 Feb 25, 2023 Common Stock 7.71K 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.