Zupan Mark 4

What Happened

• Mark Zupan, a director of Financial Institutions Inc (FISI), was granted 1,282 shares on May 20, 2026. The Form 4 reports an acquisition at $0.00 per share (total reported value $0), consistent with a compensatory award such as restricted stock or RSUs rather than a market purchase.

Key Details

• Transaction date: 2026-05-20; reported on Form 4 filed 2026-05-21 (filed next day).
• Price per share reported: $0.00; total reported value: $0.
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• Footnotes / special plan mentions: No 10b5-1 plan, tax-withholding, or other footnotes were provided in the details you supplied.
• Filing timeliness: Timely (filed the day after the transaction).

Context

• Grants/awards are typically part of director or executive compensation and may vest over time; they do not necessarily indicate immediate buying or selling interest in the market.
• Reporting $0.00 is common for compensated awards (RSUs/restricted shares). This is an acquisition on the filing, not a sale, and should be viewed as a grant rather than an open-market purchase.