Form 4: Byline Bancorp President Sells 10,000 Shares
SEC Form 4 Filing
Alberto J. Paracchini, President of Byline Bancorp, sold 10,000 shares of common stock at a price of $30.5057 on November 7, 2024.
Summary
- On November 7, 2024, Alberto J. Paracchini, President of Byline Bancorp, sold 10,000 shares of the company's common stock.
- The sale was executed at a price of $30.5057 per share.
- Following the transaction, Paracchini directly owns 167,991 shares of Byline Bancorp common stock.
- The transaction was reported on a Form 4 filing with the SEC on November 8, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an insider stock sale. It doesn't inherently convey positive or negative sentiment, but the sale itself could be interpreted in various ways by the market.
Industry Context
Insider transactions are routinely monitored by investors to gauge sentiment about a company's prospects. While a sale doesn't necessarily indicate a negative outlook, it can sometimes raise concerns if the selling party is a high-ranking executive.
Stakeholder Impact
- The stock sale by a high-ranking executive could potentially influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 2024-05-31 | Date of Limited Power of Attorney execution. |
| 2024-11-07 | Date of stock sale transaction. |
| 2024-11-08 | Date of Form 4 filing. |
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