BYLINE BANCORP (BY) director receives 1,533-share stock award as compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hugues Velez Margarita reported acquisition or exercise transactions in this Form 4 filing.
BYLINE BANCORP, INC. director Margarita Hugues Velez reported receiving a grant of 1,533 shares of Common Stock as equity compensation. These are restricted shares that will vest on June 1, 2027, subject to continued service under the company’s Director Compensation Program. After this award, the director holds 8,722 shares of Common Stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hugues Velez Margarita
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,533 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 8,722 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock grant: 1,533 shares
Post-transaction holdings: 8,722 shares
Vesting date: June 1, 2027
+1 more
4 metrics
Restricted stock grant
1,533 shares
Common Stock grant to director Margarita Hugues Velez
Post-transaction holdings
8,722 shares
Total Common Stock held directly after grant
Vesting date
June 1, 2027
Restricted shares vesting subject to continued service
Grant price per share
$0.0000 per share
Reported transaction price for restricted stock award
Key Terms
Restricted shares, Director Compensation Program, Common Stock, Grant, award, or other acquisition
4 terms
Director Compensation Program financial
"to be received pursuant to the Company's Director Compensation Program"
Common Stock financial
"Restricted shares of Common Stock that will vest on June 1, 2027"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition"
FAQ
What insider transaction did BY (BYLINE BANCORP, INC.) report on this Form 4?
BYLINE BANCORP reported that director Margarita Hugues Velez received a grant of 1,533 shares of Common Stock. This is a stock award, not an open-market purchase, and reflects equity-based director compensation.
Was the BY director’s Form 4 transaction a stock buy or a compensation grant?
The Form 4 shows a compensation grant, coded as an acquisition under transaction code "A". Director Margarita Hugues Velez received 1,533 restricted shares of Common Stock for service, rather than buying shares in the open market.
What does transaction code "A" mean in the BY director’s Form 4?
In this Form 4, transaction code "A" represents a grant, award, or other acquisition of Common Stock. Here, it reflects 1,533 restricted shares awarded to the BY director as compensation, not a market purchase or sale.