Martin K. Birmingham - Mar 19, 2024 Form 4 Insider Report for FINANCIAL INSTITUTIONS INC (FISI)

Role
President & CEO
Signature
Sonia M. Dumbleton, by power of attorney from Martin K. Birmingham
Stock symbol
FISI
Transactions as of
Mar 19, 2024
Transactions value $
-$107,746
Form type
4
Date filed
3/21/2024, 04:05 PM
Previous filing
Mar 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FISI Common Stock Options Exercise +16.3K +14.56% 129K Mar 19, 2024 Direct F1
transaction FISI Common Stock Tax liability -$108K -5.89K -4.58% $18.29 123K Mar 19, 2024 Direct
holding FISI Common Stock 7.5K Mar 19, 2024 Held in IRA
holding FISI Common Stock 13.6K Mar 19, 2024 Held in 401K Plan

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 +9.74K $0.00 9.74K Mar 19, 2024 Common Stock 9.74K Direct F1
transaction FISI Restricted Stock Unit Options Exercise $0 -9.74K -100% $0.00* 0 Mar 19, 2024 Common Stock 9.74K Direct F2
transaction FISI Restricted Stock Unit Options Exercise $0 -6.6K -100% $0.00* 0 Mar 19, 2024 Common Stock 6.6K 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.