Form 4: Byline Bancorp Executive Alberto Paracchini Reports Stock Transactions

Alberto Paracchini, a Director and President of Byline Bancorp, reported the acquisition and disposal of common stock due to vesting of performance shares and tax withholding.

Summary

• On February 22, 2025, Alberto Paracchini, a Director and President of Byline Bancorp, engaged in multiple transactions involving the company's common stock.
• These transactions included the disposal of shares to cover tax obligations related to the vesting of performance shares at a price of $28.91 per share.
• Paracchini also acquired 10,262 shares of common stock upon the performance-vesting of a previously awarded performance share grant and 8,302 restricted shares that will time vest over three years subject to continued employment.
• Following these transactions, Paracchini directly owns 181,102 shares of Byline Bancorp common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the transactions are routine and related to compensation and tax obligations. The vesting of performance shares is a positive sign, but the disposal of shares for tax purposes is a neutral event.

Positives

• The acquisition of 10,262 shares due to performance-vesting suggests that performance targets were met.
• The grant of 8,302 restricted shares indicates continued alignment of Paracchini's interests with the company's long-term success.

Future Outlook

The vesting of restricted shares over three years is contingent upon continued employment with the issuer.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders as they primarily reflect internal compensation mechanisms.

Key Dates