Byline Bancorp (NYSE: BY) grants stock awards, withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Byline Bancorp, Inc. executive John Barkidjija, Head of CRE & Specialty Finance, reported equity awards and related tax withholdings in common stock. He acquired 3,789 shares of common stock through performance-vesting of a prior performance share grant and 2,234 restricted shares that will vest over three years, both at no cash price.
To cover tax obligations, 1,311 shares and 838 shares of common stock were disposed of at a price of $33.13 per share through share withholding, rather than open-market sales. After these transactions, he continues to hold common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Barkidjija John
Role
HEAD OF CRE & SPECIALTY FIN
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock | 3,789 | $0.00 | -- |
| Tax Withholding | Common stock | 1,311 | $33.13 | $43K |
| Grant/Award | Common stock | 2,234 | $0.00 | -- |
| Tax Withholding | Common stock | 838 | $33.13 | $28K |
Holdings After Transaction:
Common stock — 23,667 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 executive John Barkidjija report on this Form 4?
John Barkidjija reported stock awards and related tax withholdings in BY common stock. He received performance-based and time-vesting restricted shares, then had a portion of shares withheld at $33.13 per share to satisfy tax liabilities, rather than selling shares on the open market.
Were John Barkidjija’s BY stock transactions open-market buys or sells?
The transactions were not open-market trades. The acquisitions reflect grants and performance-vesting of stock awards, while the dispositions are tax-withholding events. Shares were used to satisfy tax obligations at $33.13 per share, rather than being sold to outside buyers.