Stock awards to Byline (NYSE: BY) president include tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Byline Bancorp, Inc. president Alberto J. Paracchini reported stock-based compensation transactions in company common stock. He acquired 11,303 shares from a performance-vesting award and 8,029 restricted shares that will vest over three years, subject to continued employment.
To cover taxes on these awards, 3,415 shares and 2,743 shares were disposed of at $33.13 per share through share withholding rather than open-market sales. After these transactions, he directly held 194,276 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Paracchini Alberto J
Role
PRESIDENT
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock | 11,303 | $0.00 | -- |
| Tax Withholding | Common stock | 3,415 | $33.13 | $113K |
| Grant/Award | Common stock | 8,029 | $0.00 | -- |
| Tax Withholding | Common stock | 2,743 | $33.13 | $91K |
Holdings After Transaction:
Common stock — 192,405 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 insider transactions did BY president Alberto Paracchini report on this Form 4?
Alberto Paracchini reported receiving 11,303 performance-vested shares and 8,029 restricted shares of Byline Bancorp common stock. He also had 3,415 shares and 2,743 shares withheld at $33.13 per share to satisfy tax obligations tied to these awards.
What types of stock awards did BY’s president receive in this filing?
Alberto Paracchini received common stock from two award types: 11,303 shares earned upon performance-vesting of a prior performance share grant, and 8,029 restricted shares that will time-vest over three years, contingent on his continued employment with Byline Bancorp.