Form 4: BYLINE Bancorp Officer Boosts Stake with Restricted Shares

Maria Sherylle A Olano, SVP and Chief Accounting Officer of BYLINE Bancorp, acquired 2,378 restricted shares and disposed of 1,032 shares for tax purposes.

Summary

• Maria Sherylle A Olano, SVP, Chief Accounting Officer of BYLINE BANCORP, INC. (BY), reported transactions on February 22, 2026.
• Acquired 2,378 shares of common stock as restricted shares, which will vest over three years subject to continued employment. The acquisition price was $0.
• Disposed of 1,032 shares of common stock at a price of $33.13 per share. This disposition was likely for tax withholding purposes (Transaction Code 'F').
• Following these transactions, beneficial ownership stands at 18,768 shares of common stock.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, as it indicates continued executive alignment through equity compensation, a standard practice for retention and performance incentives.

Positives

• Acquisition of 2,378 restricted shares indicates continued alignment of management's interests with shareholders.
• The shares are granted at a $0 price, suggesting they are part of an equity compensation plan.

Negatives

• Disposition of 1,032 shares, although likely for tax purposes, reduces the direct ownership slightly.

Risks

• The restricted shares are subject to time vesting over three years, meaning the officer must remain employed to fully realize the benefit.

Future Outlook

The restricted shares will time vest over three years, subject to continued employment, indicating a long-term incentive for the reporting person.

Management Comments

• Represents restricted shares of Common Stock that will time vest over three years subject to continued employment with the issuer.

Industry Context

StockSavvy.ai notes that equity compensation, particularly restricted stock awards, is a common practice in the banking sector to align executive incentives with long-term company performance and shareholder value. Such grants often reflect confidence in the company's future trajectory and serve as a retention tool for key personnel.

Comparison to Industry Standards

• The grant of restricted stock at a $0 price is standard for equity compensation plans, similar to practices at regional banks like Wintrust Financial Corporation (WTFC) or Old National Bancorp (ONB), where executives receive shares as part of their annual incentive or long-term retention packages.
• The disposition of shares for tax withholding (Code F) is a routine event following the vesting of equity awards, observed across the industry, including at larger institutions like JPMorgan Chase (JPM) or Bank of America (BAC) when executives exercise or vest stock options/awards.

Stakeholder Impact

• Shareholders: Increased alignment of a key executive's interests with long-term company performance.
• Employees: Standard executive compensation practices can signal stability and competitive remuneration within the company.

Next Steps

• Continued employment of Maria Sherylle A Olano for the restricted shares to fully vest over the next three years.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions related to executive compensation (restricted stock grant and tax-related sale). While the acquisition of restricted shares indicates continued alignment of management interests, the nature of the transaction is not significant enough to warrant a change in investment recommendation. It's a standard operational event for a publicly traded company.

Keywords

BYLINE Bancorp, BY, Form 4, Insider Trading, Stock Acquisition, Restricted Stock, Executive Compensation, Maria Sherylle A Olano, Chief Accounting Officer, Bank Stock