Schrader Robert L. 4

What Happened
Robert L. Schrader, a director of Financial Institutions Inc. (FISI), received an award/other acquisition of 1,282 shares on 2026-05-20. The Form 4 lists the acquisition price as $0.00 (transaction code A), which typically indicates a grant or vested equity award; the filing does not state a market dollar value for the shares.

Key Details

• Transaction date: 2026-05-20; Form 4 filed: 2026-05-21 (timely filing).
• Transaction type/code: Award/other acquisition (A).
• Shares acquired: 1,282; reported price: $0.00 (award/grant).
• Shares owned after the transaction: not disclosed in the filing.
• Footnotes/notable items: no 10b5-1, tax-withholding, or other footnotes disclosed in the reported transaction.

Context
Director awards are commonly part of board compensation (e.g., restricted stock or RSU vesting) and do not by themselves indicate the director's buy/sell view of the company. This was an equity grant/acquisition, not a sale or option exercise. For investors, awards are routine compensation events; purchases or open-market buys are typically more informative about insider sentiment.