Bovenzi David 4

What Happened David Bovenzi, a director of Financial Institutions Inc. (ticker: FISI), reported acquisitions on 2026-05-20 totaling 1,673 shares. The filing shows two award/acquisition entries (transaction code A): 1,282 shares at $0.00 (no cash price) and 391 shares acquired at $35.10 each, the latter valued at $13,724. These entries reflect awards/acquisitions rather than open-market purchases or sales.

Key Details

• Transaction date: 2026-05-20 (Form 4 filed 2026-05-21).
• Shares: 1,282 shares @ $0.00; 391 shares @ $35.10 (total 1,673 shares).
• Reported value for paid portion: 391 × $35.10 = $13,724.
• Shares owned after transaction: not specified in the provided filing summary.
• Transaction code: A (grant/award/acquisition). No 10b5-1, tax-withholding, or late-filing flags noted in the provided data.

Context An "A" code typically indicates a grant or award (for example, vested restricted stock or an equity compensation award) rather than a market buy or sale. Such awards are commonly part of director compensation and do not, by themselves, indicate the director’s market view. The reported filing date (May 21, 2026) follows the transaction date (May 20, 2026), consistent with a timely Form 4 filing in this instance.