Stock Trading Canary

United States · SEC Form 4 · Snapshot date: 2026-10-19 · Built: 2026-10-19 · 中文

← United States · Coverage record

US · SEC FORM 4

FINANCIAL INSTITUTIONS INC

FISI · Nasdaq; OTC · CIK 0000862831 · Financial Services · Banks—Regional

INSIDER SIGNAL

44.8 / 100

1 buyers · 1 purchase transaction lines · $24.8K gross purchase

WHY THIS SIGNAL?

Buyer breadthLow
Purchase sizeLow
RoleStrong
RecencyModerate
ConvictionStrong
Score anatomy

Each bar shows the contribution to the current score; the weights and formula stay unchanged.

Cluster+7.0 / 35
Purchase size+3.2 / 25
Role+20.0 / 20
Recency+4.6 / 10
Conviction+10.0 / 10

What is holding the score back?

  • ⚠ Cluster breadth is moderate · 1 insider(s), not 4+
  • ⚠ Purchase size is modest relative to the model scale
  • ✓ Role scores high · most senior buyer: Director

Purchase-size comments are relative to the model scale. Average daily volume is a separate market-context diagnostic.

US-v1.2 ranks qualifying equity purchases under the current 180-day rules. The score is a research priority, not a return forecast or probability. Backtests have not shown that a higher US score is followed by better returns.

Purchase breadth & concentration

QUALIFYING BUYERS1
PURCHASE CONCENTRATION100%Largest buyer: Zupan Mark · $24.8K
CLUSTER BUYING · 15D1 insiderPeak activity: 2026-09-02–2026-09-02

Roles in the peak window: Director. Concentration uses priced qualifying P lines only and does not change the saved score.

Insider activity timeline

Owner lanes show the latest 180 days. Symbol shape identifies the transaction type; sales remain context only.

AprMayJunJulAugSepOct
JONES BLAKE GChief Marketing Officer
○○
Zupan MarkDirector
○●
VanGelder Kim EDirector
○
Schrader Robert L.Director
○
PANZARELLA ANGELA JDirector
○
Latella Robert NDirector
○
● Purchase▼ Sale○ Other

Showing the six most active owners; 7 additional owner(s) remain in Form 4 evidence.

SIGNAL HISTORY

44.8 / 100

Latest recorded score

→ +0.0 ptsversus the previous recorded snapshot
  1. 45.2
  2. 45.1
  3. 45.0
  4. 44.8
  5. 44.8

Only scores saved when a full US scoring run completed are shown; gaps are not reconstructed.

Recent Form 4 activity

2Purchases
0Sales
35Other Form 4 lines
26SEC filings · 365 days
BUYING1 qualifying P line(s) · 180 days
SELLING0 sale line(s) · context only
OTHER18 exercise / withholding / award / gift / other lines
10b5-1 / PLANNEDNot assessed

P is an open-market or private purchase. S is a sale. M, F, A and G usually describe exercises, tax withholding, awards and gifts. These categories remain visually separate.

Market context

Market context provides additional background on recent price performance and risk. It does not affect the Insider Signal.

Price performance

1M
-6.4%
3M
-0.8%
6M
+12.9%
12M
+42.2%

Volatility & liquidity

Volatility
29.6%
Beta
—
Avg daily value
USD 5.5M

Valuation

Market cap
USD 757.7M
P/E
10.1×

Fundamentals

Profit margin
—
ROE
11.9%
Industry
Banks—Regional

Market data

Price data up to: 2026-10-11 · Price source: OpenBB/yfinance; volume from price cache (yfinance) · From SEC filings: Market cap, P/E, ROE · Fiscal year ended: 2025-12-31 · Market cap is the shares outstanding stated on the filing cover multiplied by the latest close. Share count date: 2026-07-28 · Status: PASS

Short interest

Short interest is external context reported to FINRA by broker-dealers. It does not affect the Insider Signal.

Shares short
795,503
Previous report
665,389
Avg daily volume
161,149
Days to cover
4.9

FINRA settlement date: 2026-09-30 · Captured 2026-10-12 · FINRA equity short interest ↗. A share count, published about a week after each of two settlement dates a month; not a percentage of shares outstanding.

Historical equity purchases

Qualifying code P transactions in the local Form 4 history, including purchases outside the current signal window.

Transaction dateReporting ownerTypeSecuritySharesAvg. priceApprox. valueSource
2026-09-02Zupan MarkPurchase (P)Common Stock608USD 40.77USD 24,788SEC filing ↗
2026-03-12Plants William Jack IIPurchase (P)Common Stock660USD 30.12USD 19,879SEC filing ↗
2024-12-13Zupan MarkPurchase (P)Common Stock2,000USD 25.00USD 50,000SEC filing ↗
2024-12-13VanGelder Kim EPurchase (P)Common Stock600USD 25.00USD 15,000SEC filing ↗
2024-12-13Quinn Kevin BPurchase (P)Common Stock400USD 25.00USD 10,000SEC filing ↗
2024-12-13Plants William Jack IIPurchase (P)Common Stock2,800USD 25.00USD 70,000SEC filing ↗
2024-12-13PACOS GARY A.Purchase (P)Common Stock2,000USD 25.00USD 50,000SEC filing ↗
2024-12-13Latella Robert NPurchase (P)Common Stock4,000USD 25.00USD 100,000SEC filing ↗
2024-12-13HOLLIDAY SUSAN RPurchase (P)Common Stock2,000USD 25.00USD 50,000SEC filing ↗
2024-12-13Glaser Robert MPurchase (P)Common Stock4,000USD 25.00USD 100,000SEC filing ↗
2024-12-13GULLO SAMUEL MPurchase (P)Common Stock4,000USD 25.00USD 100,000SEC filing ↗
2024-12-13DORN ANDREW W JRPurchase (P)Common Stock2,000USD 25.00USD 50,000SEC filing ↗
2024-12-13Collins Laurie RPurchase (P)Common Stock2,000USD 25.00USD 50,000SEC filing ↗
2024-12-13Burruano Samuel J JrPurchase (P)Common Stock2,000USD 25.00USD 50,000SEC filing ↗
2024-12-13BYERS SANDRA LPurchase (P)Common Stock800USD 25.00USD 20,000SEC filing ↗

Form 4 evidence

37 transaction lines in the latest 365-day window; 287 in local history.

DateOwnerTypeSecuritySharesAvg. priceApprox. valueSource
2026-09-25JONES BLAKE GOption exercise / conversion (M)Common Stock1,000USD 0.00USD 0SEC filing ↗
2026-09-25JONES BLAKE GTax withholding (F)Common Stock360USD 40.23USD 14,483SEC filing ↗
2026-09-02Zupan MarkPurchase (P)Common Stock608USD 40.77USD 24,788SEC filing ↗
Show recent Form 4 evidence (30 grouped rows)
DateOwnerTypeSecuritySharesAvg. priceApprox. valueSource
2026-09-25JONES BLAKE GOption exercise / conversion (M)Common Stock1,000USD 0.00USD 0SEC filing ↗
2026-09-25JONES BLAKE GTax withholding (F)Common Stock360USD 40.23USD 14,483SEC filing ↗
2026-09-02Zupan MarkPurchase (P)Common Stock608USD 40.77USD 24,788SEC filing ↗
2026-05-20Zupan MarkAward / grant (A)Common Stock1,282USD 0.00USD 0SEC filing ↗
2026-05-20VanGelder Kim EAward / grant (A)Common Stock1,282USD 0.00USD 0SEC filing ↗
2026-05-20Schrader Robert L.Award / grant (A)Common Stock1,282USD 0.00USD 0SEC filing ↗
2026-05-20PANZARELLA ANGELA JAward / grant (A)Common Stock2,207USD 14.71USD 32,468SEC filing ↗
2026-05-20Latella Robert NAward / grant (A)Common Stock1,282USD 0.00USD 0SEC filing ↗
2026-05-20HOLLIDAY SUSAN RAward / grant (A)Common Stock1,282USD 0.00USD 0SEC filing ↗
2026-05-20HARTING BRUCE WAward / grant (A)Common Stock1,282USD 0.00USD 0SEC filing ↗
2026-05-20Glaser Robert MAward / grant (A)Common Stock1,282USD 0.00USD 0SEC filing ↗
2026-05-20Finch Steven C.Award / grant (A)Common Stock1,673USD 8.20USD 13,724SEC filing ↗
2026-05-20DORN ANDREW W JRAward / grant (A)Common Stock1,282USD 0.00USD 0SEC filing ↗
2026-05-20Burlew Dawn HAward / grant (A)Common Stock1,595USD 6.89USD 10,986SEC filing ↗
2026-05-20Bovenzi DavidAward / grant (A)Common Stock1,673USD 8.20USD 13,724SEC filing ↗
2026-03-20Quinn Kevin BOption exercise / conversion (M)Common Stock2,684USD —USD —SEC filing ↗
2026-03-20Quinn Kevin BTax withholding (F)Common Stock967USD 30.59USD 29,581SEC filing ↗
2026-03-20Plants William Jack IIOption exercise / conversion (M)Common Stock2,898USD —USD —SEC filing ↗
2026-03-20Plants William Jack IITax withholding (F)Common Stock1,044USD 30.59USD 31,936SEC filing ↗
2026-03-20PACOS GARY A.Option exercise / conversion (M)Common Stock2,302USD —USD —SEC filing ↗
2026-03-20PACOS GARY A.Tax withholding (F)Common Stock829USD 30.59USD 25,359SEC filing ↗
2026-03-20Collins Laurie ROption exercise / conversion (M)Common Stock2,254USD —USD —SEC filing ↗
2026-03-20Collins Laurie RTax withholding (F)Common Stock812USD 30.59USD 24,839SEC filing ↗
2026-03-20Burruano Samuel J JrOption exercise / conversion (M)Common Stock2,416USD —USD —SEC filing ↗
2026-03-20Burruano Samuel J JrTax withholding (F)Common Stock870USD 30.59USD 26,613SEC filing ↗
2026-03-20BYERS SANDRA LOption exercise / conversion (M)Common Stock690USD —USD —SEC filing ↗
2026-03-20BIRMINGHAM MARTIN KEARNEYOption exercise / conversion (M)Common Stock10,672USD —USD —SEC filing ↗
2026-03-20BIRMINGHAM MARTIN KEARNEYTax withholding (F)Common Stock3,847USD 30.59USD 117,680SEC filing ↗
2026-03-12Plants William Jack IIPurchase (P)Common Stock660USD 30.12USD 19,879SEC filing ↗
2025-11-28Zupan MarkAward / grant (A)Common Stock449USD 30.60USD 13,739SEC filing ↗

Multiple price lines in one filing are grouped and share-weighted. Price and value are blank when a grouped filing line lacks price evidence.

Snapshot & identity

Snapshot date2026-10-19
Ranking versionUS-v1.2
Data qualityPASS ELIGIBLE · —
TickerFISI
CIK0000862831
SectorFinancial Services
IndustryBanks—Regional Yahoo Finance
SEC SIC6021 National Commercial Banks
ExchangeNasdaq; OTC

Data coverage

Local Form 4 history287 transaction lines from 2020-02-22 to 2026-09-25
47 P purchase lines · 0 S sale lines · 240 other lines
SEC company submissionsOpen SEC filings ↗

Local ledger as of 2026-10-19. Mapping status is an audit field and does not erase SEC filing evidence.