Collins Laurie R 4

What Happened

• Laurie R. Collins, Chief Human Resources Officer of Financial Institutions Inc. (FISI), had 2,254 restricted stock units (RSUs) convert into 2,254 shares on 2026-03-20. To cover tax withholding, 812 of those shares were surrendered at $30.59 per share for a total of $24,839. The filing also reports the cancellation/disposition of the underlying derivative award associated with the RSUs.

Key Details

• Transaction date: March 20, 2026 (Form filed March 23, 2026) — filing appears timely.
• Primary codes: M = exercise/conversion of derivative (RSU conversion); F = payment of tax liability via share withholding.
• Shares acquired via conversion: 2,254 shares.
• Shares withheld/surrendered for taxes: 812 shares at $30.59 each, total $24,839.
• Derivative disposition: 2,254 derivative units marked disposed at $0.00 (reflects conversion/cancellation of RSUs).
• Shares owned after the transaction: not specified in the provided data.
• Footnotes: F1–F2 indicate each RSU is a contingent right to one FISI share and converts one-for-one into common stock.

Context

• This appears to be routine RSU vesting and tax withholding (a non-cash, administrative transaction), not an open-market purchase or sale signaling a directional bet. The withholding is effectively a cashless settlement to cover taxes when RSUs vest.