Byline Bancorp (NYSE: BY) awards 2,406 restricted shares to executive
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ABRAHAM THOMAS reported acquisition or exercise transactions in this Form 4 filing.
BYLINE BANCORP, INC. reported that executive Abraham Thomas, President, SBC, received a grant of 2,406 shares of common stock at no cash cost as equity compensation. These are restricted shares that will time vest over three years, contingent on his continued employment. Following this grant, he directly holds 45,539 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
ABRAHAM THOMAS
Role
PRESIDENT, SBC
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Comon stock | 2,406 | $0.00 | -- |
Holdings After Transaction:
Comon stock — 45,539 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock grant: 2,406 shares
Grant price: $0.0000 per share
Shares held after grant: 45,539 shares
3 metrics
Restricted stock grant
2,406 shares
Equity award of common stock on April 16, 2026
Grant price
$0.0000 per share
Indicates non-cash compensation grant
Shares held after grant
45,539 shares
Direct ownership following the transaction
Key Terms
restricted shares, time vest, grant, award, or other acquisition, continued employment
4 terms
time vest financial
"restricted shares of Common Stock that will time vest over three years"
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
continued employment financial
"will time vest over three years subject to continued employment with the issuer"
Continued employment means that an individual remains in their current job without interruption. For investors, it signals stability and ongoing work that can affect company performance and future prospects. Like a steady heartbeat for a business, sustained employment helps ensure consistent operations and financial health.
FAQ
What insider transaction did BY (Byline Bancorp) report for Abraham Thomas?
Abraham Thomas received a grant of 2,406 restricted common shares. The award was recorded at a price of $0.0000 per share, indicating compensation rather than a market purchase, and increases his direct holdings to 45,539 shares after the transaction.
Is the BY insider transaction a purchase or an equity grant?
The BY transaction is an equity grant, not an open-market purchase. It is coded as a grant, award, or other acquisition, with 2,406 restricted shares issued at $0.0000 per share as part of compensation rather than a cash investment.