Glaser Robert M 4
Research Summary
AI-generated summary
Financial Institutions (FISI) Director Robert Glaser Receives 1,282 Shares
What Happened
Robert M. Glaser, a director of FINANCIAL INSTITUTIONS INC (ticker: FISI), was granted 1,282 shares on 2026-05-20. The Form 4 reports the acquisition as an award (transaction code A) at $0.00 per share (total reported value $0), indicating the shares were issued as compensation rather than bought on the open market.
Key Details
- Transaction date: 2026-05-20; filing date: 2026-05-21 (timely).
- Transaction type: Award/Grant (code A).
- Shares acquired: 1,282 at $0.00 per share — total reported consideration $0.
- Shares owned after transaction: Not specified in the information provided in this summary.
- No 10b5-1 plan, tax withholding, vesting schedule, or other footnotes are indicated in the data supplied.
Context
Awards to directors are typically part of compensation programs (e.g., restricted stock or deferred stock) and are not the same as an open-market purchase. Such grants provide ownership but do not by themselves signal the insider is buying additional shares with personal funds.