Form 4: Byline Bancorp Director Steven P. Kent Acquires Additional Shares

Director Steven P. Kent purchased 250 shares of Byline Bancorp, Inc. on June 6, 2024, at a price of $22.44 per share.

Summary

• On June 6, 2024, Steven P. Kent, a director of Byline Bancorp, Inc., acquired 250 shares of common stock at $22.44 per share.
• The transaction increased Kent's indirect holdings, with shares held in an IRA and a trust.
• Following the transaction, Kent's total indirect beneficial ownership includes 18,250 shares in a Steven P. Kent IRA, 375 shares in a Steven P. Kent Reg IRA, and 67,625 shares in a Steven P. Kent Trust U/A DTD 6/29/2012.
• Kent has also granted Thomas J. Bell III and Alberto J. Paracchini power of attorney for Section 16 reporting obligations.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction by a director, which could be interpreted as a positive sign, but without further context, it's difficult to gauge the overall impact.

Positives

• Director's purchase may signal confidence in the company's prospects.

Industry Context

Form 4 filings are routine disclosures required by the SEC when insiders (directors, officers, or those holding more than 10% of a company's shares) buy or sell their company's stock. These filings provide transparency to the market.

Stakeholder Impact

• The purchase of shares by a director could be viewed positively by shareholders.

Key Dates