Byline Bancorp (NYSE: BY) EVP receives stock awards and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BYLINE BANCORP, INC. executive Megan Biggam, EVP Head of Community Banking, reported a mix of stock awards and related tax share withholdings in common stock. She acquired 2,231 shares and 1,916 shares through grants with no cash paid per share.
The filing also shows disposals of 772 shares and 678 shares at $33.13 per share to satisfy tax obligations by delivering shares, rather than an open-market sale. Footnotes explain that one grant reflects performance-vested shares and another consists of restricted shares that time-vest over three years subject to continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
BIGGAM MEGAN
Role
EVP HEAD OF COMMUNITY BANKING
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock | 2,231 | $0.00 | -- |
| Tax Withholding | Common stock | 772 | $33.13 | $26K |
| Grant/Award | Common stock | 1,916 | $0.00 | -- |
| Tax Withholding | Common stock | 678 | $33.13 | $22K |
Holdings After Transaction:
Common stock — 34,172 shares (Direct)
Footnotes (1)
- Represents shares of Common Stock earned upon performance-vesting of a previously awarded performance share grant. Represents restricted shares of Common Stock that will time vest over three years subject to continued employment with the issuer.
FAQ
What did BY (Byline Bancorp) executive Megan Biggam report on this Form 4?
Megan Biggam reported stock awards and related tax withholdings in BY common stock. She received two share grants at no cost per share and had shares withheld at $33.13 per share to cover tax liabilities through share delivery instead of cash payments.
What do the Form 4 footnotes say about Megan Biggam’s BY stock awards?
One footnote explains that part of the award represents shares earned upon performance-vesting of a prior performance share grant. Another states that restricted BY common shares will time vest over three years, conditioned on Megan Biggam’s continued employment with the issuer.
Is Megan Biggam’s BY stock ownership direct or indirect in this Form 4?
The transactions are reported as direct ownership of BY common stock. The filing marks the ownership type and code as direct, and the nature-of-ownership field contains no indication that the shares are held through a separate trust, partnership, or similar indirect entity.