FISI CMO Blake G Jones Exercises 2,000 RSUs; 360 Shares Withheld

What Happened
Blake G. Jones, Chief Marketing Officer of Financial Institutions Inc (FISI), converted restricted stock units (RSUs) into 2,000 shares on September 25, 2026 (two conversions of 1,000 RSUs each). No cash exercise price was paid for those conversions. To satisfy tax withholding on the vesting/conversion, 360 shares were surrendered at $40.23 per share (total value withheld ≈ $14,483). Net new shares delivered to Jones from this event were 1,640 (2,000 acquired less 360 withheld).

Key Details

• Transaction date: 2026-09-25; Form 4 filed: 2026-09-28.
• Derivative conversions: two (M) entries of 1,000 RSUs → 1,000 shares each, $0 exercise price.
• Tax withholding: (F) 360 shares disposed at $40.23/share, total ≈ $14,483.
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1/F3 confirm these were restricted stock units that convert one-for-one into common shares; F2 notes 4 shares were acquired under the FISI 401(k) plan since the last report.
• Filing timeliness: the filing reports the 9/25 transactions on 9/28; the document does not flag a late filing.

Context
This was a conversion/vesting of RSUs (derivative transactions), not an open-market purchase or discretionary sale. The 360-share disposition is a tax-withholding event (commonly a cashless withholding), which is routine after vesting and does not necessarily indicate a change in insider sentiment.