Financial Institutions, Inc. filings document the regulatory record of a Nasdaq-listed banking company that operates through Five Star Bank and Courier Capital, LLC. Its 8-K reports disclose quarterly operating results, Regulation FD investor presentations, dividend declarations on common and preferred stock, and material capital actions involving subordinated notes.
Proxy materials cover board elections, executive compensation, shareholder voting matters and governance practices. Other filings address board changes, registered common stock on the Nasdaq Global Select Market, capital structure, debt terms and the financial condition of a company focused on commercial banking, consumer banking and wealth management.
FINANCIAL INSTITUTIONS INC Chief Financial Officer William Jack Plants II exercised restricted stock units and received common shares as equity compensation. On March 20, 2026, 2,898 restricted stock units converted into 2,898 shares of common stock, with 1,044 shares withheld at $30.59 per share to cover tax obligations.
After these transactions, he held 8,013 common shares directly, plus 1,813 shares in a 401(k) plan and 4,937 shares in an IRA, all related to FINANCIAL INSTITUTIONS INC. There were no remaining restricted stock units reported after this exercise.
FINANCIAL INSTITUTIONS INC Chief Risk Officer Gary A. Pacos exercised restricted stock units into common shares. On March 20, 2026, he converted 2,302 restricted stock units into the same number of common shares. To cover tax obligations, 829 shares of common stock were withheld at $30.59 per share. After these transactions, Pacos directly holds 3,473 shares of common stock. The filing shows a routine compensation-related exercise and tax withholding, not an open-market purchase or sale.
FINANCIAL INSTITUTIONS INC executive Kevin B. Quinn, Chief Commercial Banking Officer, exercised 2,684 restricted stock units into common shares. The units converted on a one-for-one basis into 2,684 shares of FISI common stock.
To cover tax obligations, 967 common shares were disposed of at $30.59 per share through share withholding, which is not an open-market sale. After these transactions, Quinn directly holds 6,992 common shares and indirectly holds 47 shares through a 401(k) plan.
FINANCIAL INSTITUTIONS INC insider activity: Principal Accounting Officer Sandra L. Byers exercised 690 restricted stock units into 690 shares of common stock on March 20, 2026. The RSUs converted on a one-for-one basis with no cash exercise price.
After the transaction, Byers directly holds 2,150 shares of common stock. The filing shows an exercise and share acquisition only, with no reported share sales or tax-withholding dispositions, which is consistent with routine equity compensation vesting.
FINANCIAL INSTITUTIONS INC Chief Legal Officer exercises RSUs and covers taxes with shares. Samuel J. Burruano Jr. exercised 2,416 restricted stock units into 2,416 shares of common stock on March 20, 2026. To cover tax obligations, 870 common shares were withheld at $30.59 per share, leaving him with 15,238 common shares held directly after the transactions. All 2,416 restricted stock units converted into common stock on a one-for-one basis, and no derivative holdings remain from this award.
FINANCIAL INSTITUTIONS INC President & CEO Martin Kearney Birmingham exercised restricted stock units into common shares. On March 20, 2026 he converted 10,672 restricted stock units into an equal number of common shares, consistent with the one-for-one RSU terms.
To cover tax obligations, 3,847 common shares were withheld at $30.59 per share, leaving a net increase of 6,825 directly held shares. Following these transactions, he held 137,622 common shares directly, plus 7,500 shares in an IRA and 15,042 shares in a 401(k) plan. No derivative awards remain from this RSU grant.
Financial Institutions Inc Chief Human Resources Officer Laurie R. Collins reported routine equity compensation activity. She exercised 2,254 restricted stock units, which converted into the same number of common shares on a one-for-one basis. To cover tax obligations, 812 common shares were withheld at $30.59 per share.
Following these transactions, Collins directly holds 7,669 shares of common stock and also has 726 shares held indirectly in a 401(k) plan. No derivative securities remain from this restricted stock unit award, making this a standard vesting and tax-settlement event rather than an open‑market trade.
Financial Institutions Inc.’s Chief Financial Officer, William Jack Plants II, bought 660 shares of common stock in an open‑market purchase at $30.119 per share. After this transaction, he directly owns 6,159 common shares.
He also has indirect holdings reported as 1,700 shares held in a 401(k) plan and 4,937 shares held in an IRA, providing additional retirement‑focused exposure to the company’s stock.
Financial Institutions, Inc. reported that longtime director Donald K. Boswell will retire from the boards of the company and its wholly owned subsidiary, Five Star Bank. He informed the board on March 4, 2026, that he will not stand for re-election at the 2026 Annual Meeting of Shareholders.
His retirement will take effect immediately following the 2026 Annual Meeting, after nine years of board service. The company states that his decision reflects his intent to pursue outside interests and was not due to any disagreement with the company, its management, operations, policies, or practices.
Financial Institutions, Inc., parent of Five Star Bank and Courier Capital, presents itself as a New York–based community-focused financial group with a growing digital and physical footprint. As of December 31, 2025, the Company reported consolidated assets of $6.27 billion, deposits of $5.21 billion and shareholders’ equity of $628.9 million.
Five Star Bank operates 48 branches across Western and Central New York plus commercial loan production offices in Maryland and Syracuse, with $6.24 billion in assets, $4.61 billion in net loans, $1.01 billion in investment securities, $5.29 billion in deposits and $662.3 million in equity. Courier Capital manages $3.60 billion in client assets and generated $11.6 million of revenue in 2025, providing investment advisory and wealth management services.
The Company emphasizes a community bank strategy, diversified lending across commercial, residential and consumer indirect portfolios, and disciplined credit administration under a CECL-based allowance framework. It highlights extensive regulatory oversight, evolving cybersecurity and technology risks, interest-rate and liquidity risks, competition from banks and fintechs, and targeted but cautious participation in regulated New York cannabis banking.