Form 4: BYLINE BANCORP President's Equity Transactions

BYLINE BANCORP's President, Alberto J Paracchini, reported acquisitions of common stock through performance and time-vesting awards, alongside dispositions for tax withholding.

Summary

• Alberto J Paracchini, President and Director of BYLINE BANCORP, INC. (BY), reported multiple transactions involving common stock on February 22, 2026.
• Acquired 11,303 shares of common stock at $0 per share, representing the performance-vesting of a previously awarded performance share grant.
• Disposed of 3,415 shares of common stock at $33.13 per share for tax withholding purposes related to the vesting.
• Acquired an additional 8,029 restricted shares of common stock at $0 per share, which are subject to time-vesting over three years contingent on continued employment.
• Disposed of 2,743 shares of common stock at $33.13 per share for tax withholding purposes related to the restricted share award.
• Following these reported transactions, Mr. Paracchini's direct beneficial ownership of common stock stands at 194,276 shares.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a routine but slightly positive indicator of executive compensation tied to performance and long-term retention, aligning management interests with shareholders.

Positives

• Acquisition of 11,303 shares through performance-vesting indicates the achievement of company performance goals.
• Acquisition of 8,029 restricted shares aligns executive interests with long-term shareholder value through future time-vesting.

Negatives

• Disposition of a total of 6,158 shares (3,415 + 2,743) for tax withholding purposes reduces the executive's direct ownership.

Future Outlook

The 8,029 restricted shares acquired will time vest over three years, subject to continued employment with BYLINE BANCORP, indicating a future commitment and retention incentive.

Industry Context

StockSavvy.ai notes that such equity awards and subsequent tax-related dispositions are standard components of executive compensation packages in the banking industry, designed to align management incentives with shareholder returns and promote long-term retention.

Stakeholder Impact

• Shareholders: The executive's increased beneficial ownership (net of tax sales) aligns their interests with the company's long-term performance.
• Employees: The vesting of performance shares can signal a positive internal environment where company goals are being met, potentially boosting morale.

Next Steps

• The 8,029 restricted shares are subject to time-vesting over three years, contingent on continued employment with the issuer.

Key Dates

Recommendation

This Form 4 details routine executive compensation transactions, including performance-based vesting and restricted stock awards, along with associated tax withholdings. It does not provide new fundamental information that would warrant a change in investment recommendation, thus a 'hold' stance is maintained.

Keywords

BYLINE BANCORP, BY, Form 4, Insider Transaction, Executive Compensation, Stock Award, Performance Shares, Restricted Stock, Banking