Form 4: Byline Bancorp EVP Megan Biggam Reports Share Vesting

Byline Bancorp's EVP Head of Community Banking, Megan Biggam, reported the acquisition of common stock through performance and time-based vesting, alongside related tax-withholding dispositions.

Summary

• Megan Biggam, EVP Head of Community Banking at Byline Bancorp, Inc. (BY), reported transactions involving the company's common stock.
• On February 22, 2026, Biggam acquired 2,231 shares of common stock at a price of $0, representing shares earned from a performance-vesting grant.
• Concurrently, 772 shares were disposed of at $33.13 per share, likely to cover tax obligations related to the vesting.
• Additionally, 1,916 restricted shares of common stock were acquired at a price of $0, which will time vest over three years contingent on continued employment.
• Another 678 shares were disposed of at $33.13 per share, also likely for tax withholding purposes.
• Following these transactions, Biggam's direct beneficial ownership of common stock stands at 34,638 shares.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, reflecting standard executive compensation practices and the achievement of performance targets, without indicating any significant new strategic direction or financial performance.

Positives

• The acquisition of shares through performance-vesting indicates the achievement of previously set performance targets by the executive.
• The time-vesting restricted shares align the executive's long-term interests with shareholder value.

Negatives

• Dispositions of shares for tax withholding reduce the executive's direct ownership, though this is a standard practice for vested equity awards.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that executive equity vesting is a common practice in the banking sector, aligning management incentives with long-term company performance and shareholder interests. These routine transactions reflect the standard compensation structure for senior executives.

Related Party Transactions

• The reported transactions are related party dealings as they involve an executive officer of Byline Bancorp, Inc. acquiring and disposing of company stock as part of their compensation package.

Stakeholder Impact

• Shareholders: The vesting of performance shares suggests the company met certain performance criteria, which could be viewed positively. The time-vesting shares align executive interests with long-term shareholder value.
• Employees: The filing pertains to executive compensation and does not directly impact the broader employee base.
• Management: The transactions reflect the realization of equity compensation for the EVP Head of Community Banking.

Next Steps

• The restricted shares acquired on February 22, 2026, will time vest over three years, subject to continued employment with Byline Bancorp, Inc.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation events (stock vesting and tax-related dispositions) and does not provide new material information about the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. It simply reflects standard insider activity.

Keywords

Byline Bancorp, BY, Megan Biggam, Insider Trading, Form 4, Stock Vesting, Performance Shares, Restricted Stock, Executive Compensation, Financial Services, Banking