Form 4: Byline Bancorp Director Alberto J. Paracchini Sells Shares
SEC Form 4 Filing
Alberto J. Paracchini, a Director and President of Byline Bancorp, recently sold a portion of his holdings in the company's common stock.
Summary
- On February 26, 2024, Alberto J. Paracchini sold 2,100 shares of Byline Bancorp common stock at a price of $21.1886 per share.
- On February 27, 2024, he sold an additional 1,800 shares at $21.025 per share and 18,200 shares at $20.8322 per share.
- Following these transactions, Paracchini directly owns 177,991 shares of Byline Bancorp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock sales by an insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for corporate executives and directors. The information is publicly available to ensure transparency in the market.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, but it is a common occurrence and doesn't necessarily indicate a negative outlook for the company.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Alberto J. Paracchini sold 2,100 shares of Byline Bancorp common stock at $21.1886 per share. |
| 02/27/2024 | Alberto J. Paracchini sold 1,800 shares of Byline Bancorp common stock at $21.025 per share and 18,200 shares at $20.8322 per share. |
| 02/28/2024 | Date of signature for the Form 4 filing. |
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