Byline Bancorp (NYSE: BY) CEO receives stock awards and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BYLINE BANCORP, INC. Chief Executive Officer Roberto R. Herencia reported a mix of stock awards and tax-related share dispositions in common stock. He acquired 24,809 shares earned upon performance-vesting of a prior performance share grant and 29,870 restricted shares that will vest over three years, both at no cash price.
To cover tax obligations by delivering shares, he disposed of 7,289 shares and 9,898 shares at a price of $33.13 per share. After these direct transactions, he reported direct ownership of 431,393 common shares, plus additional indirect holdings through a defined benefit plan and a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
HERENCIA ROBERTO R
Role
CHIEF EXECUTIVE OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock | 24,809 | $0.00 | -- |
| Tax Withholding | Common stock | 7,289 | $33.13 | $241K |
| Grant/Award | Common stock | 29,870 | $0.00 | -- |
| Tax Withholding | Common stock | 9,898 | $33.13 | $328K |
| holding | Common stock | -- | -- | -- |
| holding | Common stock | -- | -- | -- |
Holdings After Transaction:
Common stock — 418,710 shares (Direct);
Common stock — 16,612 shares (Indirect, By Roberto Herencia Inc. Defined Benefit Plan)
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 CEO Roberto Herencia report on this Form 4?
Roberto Herencia reported stock awards and tax-related dispositions in BY common stock. He received performance-vested and restricted share grants, and delivered some shares to cover tax liabilities, reflecting routine equity compensation activity rather than open-market buying or selling.