VanGelder Kim E 4

What Happened
Kim E. VanGelder, a director of Financial Institutions Inc (FISI), was issued 1,282 shares as an award/grant (transaction code A) on May 20, 2026. The filing reports an acquisition price of $0.00 per share (total $0 as reported on the Form 4) and was filed with the SEC on May 21, 2026. This is a compensation-related grant rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-20; Form 4 filed: 2026-05-21 (timely; within the usual 2-business-day window)
• Transaction type/code: Award/Grant (A) — acquisition of 1,282 shares at $0.00 reported price
• Total reported value on Form 4: $0 (price reported as $0.00); fair market value or grant award value not provided in the filing
• Shares owned after transaction: Not stated in the provided filing details
• No footnotes, 10b5-1 plan, tax-withholding, or cashless-sale indicators were reported in the summary provided

Context
Grants to directors are typically part of routine compensation (e.g., restricted stock or RSUs) and may be subject to vesting or other conditions not specified in the Form 4. Such awards are not the same signal as an open-market purchase (which can indicate personal bullishness) nor a sale (which can be liquidity-driven). Because the filing shows an award at $0.00, investors should not infer market value or trading intent from this item alone.