FINANCIAL INSTITUTIONS INC 10-Q

ITEM 2 . Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities In June 2022, the Company’s Board of Directors authorized a share repurchase program for up to 766,447 shares of common stock. The program will expire at the earlier of the completion of all share repurchases or a Board vote to retire the program. The Company’s repurchases of its common stock during the first quarter of 2024 were as follows: Issuer Purchases of Equity Securities Period Total Number of Shares Purchased (1) Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs January 1, 2024 – January 31, 2024 — $ — — 766,447 February 1, 2024 – February 29, 2024 826 18.64 — 766,447 March 1, 2024 – March 31, 2024 20,620 18.29 — 766,447 Total 21,446 $ 18.30 — 766,447 (1) This column reflects the deemed surrendered to us of common stock to satisfy tax withholding obligations in connection with the vesting of employee restricted stock units.