Form 4: Byline Bancorp Executive Receives Restricted Stock Grant

Thomas Abraham, President of SBC at Byline Bancorp, acquired 2,406 shares of common stock via a restricted stock grant.

Summary

• Thomas Abraham, President of SBC at Byline Bancorp, was granted 2,406 shares of common stock on April 16, 2026.
• The shares are restricted and subject to a three-year time-based vesting schedule contingent upon continued employment.
• Following this transaction, the reporting person's total beneficial ownership increased to 45,539 shares of common stock.
• The transaction was executed at a price of $0 per share, consistent with standard equity compensation grants.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding executive compensation, which carries a neutral sentiment.

Positives

• Alignment of executive interests with long-term shareholder value through equity-based compensation.
• Retention mechanism established via a three-year vesting schedule for the granted shares.

Negatives

• None identified; this is a standard compensatory equity grant.

Risks

• Vesting is subject to continued employment, creating potential turnover risk if the executive departs before the three-year period concludes.

Future Outlook

The shares will vest over a three-year period, provided the reporting person remains employed by the issuer.

Industry Context

StockSavvy.ai notes that equity grants to key executives are standard practice in the banking sector to ensure leadership retention and align management incentives with institutional performance.

Comparison to Industry Standards

• The use of time-based restricted stock units (RSUs) is a standard industry practice for regional banks like Byline Bancorp to incentivize long-term executive retention.
• The three-year vesting schedule is consistent with typical corporate governance standards for mid-cap financial institutions.

Stakeholder Impact

• Shareholders: Minimal impact; reflects standard executive compensation practices.
• Employees: No direct impact.

Next Steps

• Vesting of the 2,406 restricted shares over the next three years subject to continued employment.

Key Dates

Keywords

Byline Bancorp, BY, Form 4, Insider Transaction, Equity Compensation, Restricted Stock