Financial Institutions director buys 608 shares
Director Mark Zupan increased his direct holdings of FISI through an open-market purchase.
Rhea-AI Filing Summary
FINANCIAL INSTITUTIONS INC (FISI) director Mark Zupan purchased common stock in an open-market transaction. On September 2, 2026, he bought 608 shares at $40.7721 per share, bringing his directly held position to 15,909 shares. No Rule 10b5-1 trading plan is reported for this transaction.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 608 shares
Net Buy
1 txn
Insider
Zupan Mark
Role
Director
Bought
608 shs ($25K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 608 | $40.7721 | $25K |
Holdings After Transaction:
Common Stock — 15,909 shares (Direct)
Key Figures
Shares purchased: 608 shares
Purchase price per share: $40.7721 per share
Total shares owned after transaction: 15,909 shares
3 metrics
Shares purchased
608 shares
Open-market purchase of FISI common stock on September 2, 2026
Purchase price per share
$40.7721 per share
Price paid for FISI shares on September 2, 2026
Total shares owned after transaction
15,909 shares
Direct holdings of FISI common stock following the purchase
Key Terms
open-market purchase, Rule 10b5-1 plan, direct ownership
3 terms
open-market purchase financial
"Purchase in open market or private transaction"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
Rule 10b5-1 plan regulatory
"No Rule 10b5-1 trading plan is reported for this transaction"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
direct ownership financial
"The Form 4 reports that shares are held with direct ownership"
FAQ
What insider transaction did FISI director Mark Zupan report on this Form 4?
Mark Zupan reported an open-market purchase of 608 shares of FINANCIAL INSTITUTIONS INC common stock on September 2, 2026 at $40.7721 per share.
Was Mark Zupan’s FISI trade made under a Rule 10b5-1 trading plan?
The filing indicates no Rule 10b5-1 plan is reported, meaning the purchase was not affirmed as being made under a pre-arranged trading plan.
Is Mark Zupan’s ownership in FISI direct or indirect after this Form 4 transaction?
The Form 4 reports that Mark Zupan’s 15,909 shares of FINANCIAL INSTITUTIONS INC common stock are held with direct ownership.
AI-generated analysis. How Rhea-AI works. Not financial advice.
