Quinn Kevin B 4

What Happened
Kevin B. Quinn, Chief Commercial Banking Officer of Financial Institutions Inc (FISI), had 2,684 restricted stock units (RSUs) convert into common shares on March 20, 2026. To cover tax withholding, 967 of those shares were surrendered/withheld at an implied price of $30.59 per share for a cash value of $29,581. The net shares delivered to Quinn were 1,717 (2,684 converted minus 967 withheld).

Key Details

• Transaction date: 2026-03-20; Form filed: 2026-03-23 reporting those transactions.
• Primary actions: conversion/exercise of derivative (RSUs) for 2,684 shares (code M), and tax withholding of 967 shares (code F) at $30.59/share for $29,581.
• Net shares received: 1,717 shares after withholding.
• Footnotes: F1/F3 — each RSU is a contingent right to one share and converts one-for-one; F2 — 5 additional shares were acquired under the FISI 401(k) plan since the last report.
• No open-market sale was reported; shares were withheld to satisfy tax obligations (not a public sale).

Context
This was a routine RSU vesting and net-share settlement for taxes rather than a market sale or open-market purchase. Code M on the Form 4 indicates conversion/exercise of a derivative (here, RSUs converting to common stock); code F indicates shares were surrendered/withheld to satisfy tax withholding. The filing reports the vesting and withholding; it does not, by itself, indicate broader insider sentiment.