BYLINE BANCORP INC
For the period ended Mar 31, 2024. Filed May 3, 2024.
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Mar 31, 2024 · Filed May 3, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
On December 6, 2023, we announced that our Board of Directors approved a new stock repurchase program authorizing the purchase of up to an aggregate of 1,250,000 shares of our outstanding common stock. The program is in effect from January 1, 2024 until December 31, 2024 unless terminated earlier. The shares may, at the discretion of management, be repurchased from time to time in open market purchases as market conditions warrant or in privately negotiated transactions. We are not obligated to purchase any shares under the program, and the program may be discontinued at any time. The actual timing, number and share price of shares purchased under the repurchase program will be determined by us at our discretion and will depend on a number of factors, including the market price of our stock, general market and economic conditions and applicable legal requirements.
The table below includes information regarding purchases of our common stock during the quarter ended March 31, 2024. We did not purchase any shares of our common stock during the first quarter of 2024 under our stock repurchase program.
| Issuer Purchases of Equity Securities | ||||
|---|---|---|---|---|
| Maximum Number of | ||||
| Total | Average | Total Number of Shares | Shares that | |
| Number of | Price | Purchased as Part of a | May Yet Be | |
| Shares | Paid per | Publicly Announced | Purchased Under the | |
| Purchased(1) | Share | Plan or Program | Plan or Program | |
| January 1 - January 31, 2024 | 146,308 | $23.24 | — | 1,250,000 |
| February 1 - February 29, 2024 | 78,075 | 21.02 | — | 1,250,000 |
| March 1 - March 31, 2024 | 399 | 20.67 | — | 1,250,000 |
| Total | 224,782 | $22.46 | — | |
(1)
All shares acquired during the three months ended March 31, 2024 were acquired pursuant to the Company’s 2017 Omnibus Incentive Compensation Plan. Under the terms of the compensation plan, we can accept previously owned shares of common stock to be surrendered to satisfy the exercise price of stock options, the settlement of restricted stock awards and tax withholding obligations upon vesting and/or exercise.
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