| | |
| Roberto R. Herencia | |
| Executive Chairman of the Board and Chief Executive Officer | |
| | |
| Alberto J. Paracchini | |
| President | |
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| Roberto R. Herencia Executive Chairman of the Board and Chief Executive Officer | | | Alberto J. Paracchini President | |
| Date and Time June Place Virtually at www.virtualshareholdermeeting.com/ Record Date April Only those stockholders of record as of the close of business on that date will be entitled to vote at the Annual Meeting. If there is an insufficient number of shares represented for a quorum, the meeting may be adjourned to permit further solicitation of proxies by the Company. | | | | Items of Business To elect the eight director nominees named in the accompanying proxy statement to the Board of Directors of the Company, each to serve until the To approve an amendment to the To approve, on an advisory (non-binding) basis, the compensation of the Company’s named executive officers as described in this Proxy Statement; To approve, on an advisory (non-binding) basis, the frequency of future stockholder advisory votes to approve the compensation of the Company’s named executive officers; To ratify the appointment of Moss Adams LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, To consider such other business that may properly come before the Annual Meeting, or any adjournment thereof, by or at the direction of the Board of Directors. | | ||||||||
| Every Vote is Important | | ||||||||||||
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| Internet Visit the website noted on your proxy card to vote online. | | | | Telephone Use the toll-free telephone number on your proxy card to vote by telephone. | | | | Vote by Mail Sign, date, and return your proxy card in the enclosed envelope to vote by mail. | | ||||
| | | | | A list of stockholders entitled to vote at the meeting will be available for inspection at the Company’s main office located at 180 North LaSalle Street, Suite 300, Chicago, Illinois 60601 for a period of ten days prior to the Annual Meeting and will also be made available virtually at the Annual Meeting itself for examination by any stockholder upon request. We are taking advantage of the Securities and Exchange Commission’s rules that allow companies to furnish proxy materials to stockholders via the | |
| | | | | | | BY ORDER OF THE BOARD OF DIRECTORS, | | |||
| | | | | | | By | | | | |
| Chicago, Illinois April | | | | | | Roberto R. Herencia Executive Chairman of the Board and Chief Executive Officer | |
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Director Compensation | | | | | | | |
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Other Matters | | | | | | |
| | | Beneficial Ownership | | | | Beneficial Ownership | | ||||||||||||||||||||||
Name of Beneficial Owners | | Number | | Percentage | | | Number | | Percentage | | ||||||||||||||||||||
Greater than 5% Stockholders: | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||
MBG Investors I, L.P.(1) | | | | 11,467,123 | | | | | | 30.33 | % | | | | | | 11,695,601 | | | | | | 31.01 | % | | | ||||
ECR Holdings, S.A. de C.V.(2) | | | | 2,038,691 | | | | | | 5.39 | % | | | |||||||||||||||||
ECR Holdings, L.P.(2) | | | | 2,038,691 | | | | | | 5.41 | % | | | |||||||||||||||||
BlackRock, Inc.(3) | | | | 2,080,417 | | | | | | 5.52 | % | | | |||||||||||||||||
Directors: | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||
Phillip R. Cabrera | | | | 13,151 | | | | | | | * | | | | | | 16,121 | | | | | | | * | | | ||||
Antonio del Valle Perochena(1) | | | | 11,467,123 | | | | | | 30.33 | % | | | | | | 11,695,601 | | | | | | 31.01 | % | | | ||||
Mary Jo S. Herseth | | | | 9,825 | | | | | | | * | | | | | | 12,892 | | | | | | | * | | | ||||
Margarita Hugues Velez | | | | — | | | | — | | |||||||||||||||||||||
Margarita Hugues Vélez | | | | 1,983 | | | | | | | * | | | |||||||||||||||||
Steven P. Kent | | | | 80,000 | | | | | | | * | | | | | | 85,375 | | | | | | | * | | | ||||
William G. Kistner | | | | 10,100 | | | | | | | * | | | | | | 12,892 | | | | | | | * | | | ||||
Steven M. Rull(3) | | | | 185,400 | | | | | | | * | | | |||||||||||||||||
Named Executive Officers: | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||
Roberto R. Herencia**(4) | | | | 677,397 | | | | | | 1.77 | % | | | |||||||||||||||||
Roberto R. Herencia**(4) | | | | 537,915 | | | | | | 1.42 | % | | | |||||||||||||||||
Alberto J. Paracchini**(5) | | | | 377,177 | | | | | | 1.02 | % | | | | | | 396,386 | | | | | | 1.05 | % | | | ||||
Thomas Abraham(6) | | | | 50,238 | | | | | | | * | | | |||||||||||||||||
Lindsay Corby(7) | | | | 146,689 | | | | | | | * | | | |||||||||||||||||
Thomas S. Abraham(6) | | | | 58,609 | | | | | | | * | | | |||||||||||||||||
Thomas J. Bell III(7) | | | | 75,875 | | | | | | | * | | | |||||||||||||||||
Brogan M. Ptacin(8) | | | | 95,925 | | | | | | | * | | | |||||||||||||||||
All directors and executive officers as a group (20 persons) | | | | 13,418,898 | | | | | | 35.50 | % | | | | | | 13,212,212 | | | | | | 35.04 | % | | |
| Proposal 1 | | | The Board recommends a vote FOR each nominee for Director | |
| Election of Directors | | |||
| The Governance and Nominating Committee of the Board of Directors is responsible for making recommendations to our Board of Directors regarding candidates for directorships and the size and composition of our Board of Directors. Each of our nominees currently serves as a Byline director, has consented to being named in this Proxy Statement and has agreed to serve if elected. If any nominee becomes unable to serve, the shares represented by all valid proxies will be voted for the election of such substitute nominees as the Board of Directors may recommend. At this time, the Board of Directors knows of no reason why any nominee might be unavailable or unwilling to serve. | |
Name | | Age | | Position | | Director Since | | | Age | | Position | | Director Since | | ||||||
Roberto R. Herencia | | 62 | | Executive Chairman and Chief Executive Officer | | 2013 | | | 63 | | Executive Chairman and Chief Executive Officer | | 2013 | | ||||||
Phillip R. Cabrera | | 69 | | Director | | 2013 | | | 70 | | Director | | 2013 | | ||||||
Antonio del Valle Perochena | | 53 | | Lead Director | | 2013 | | | 54 | | Lead Director | | 2013 | | ||||||
Mary Jo Herseth | | 63 | | Director | | 2019 | | |||||||||||||
Mary Jo S. Herseth | | 64 | | Director | | 2019 | | |||||||||||||
Margarita Hugues Vélez | | 51 | | Director | | 2022 | | | 52 | | Director | | 2022 | | ||||||
Steven P. Kent | | 71 | | Director | | 2019 | | | 72 | | Director | | 2019 | | ||||||
William G. Kistner | | 71 | | Director | | 2018 | | | 72 | | Director | | 2018 | | ||||||
Alberto J. Paracchini | | 51 | | President and Director | | 2013 | | | 52 | | President and Director | | 2013 | |
Roberto R. Herencia | | ||||
Executive Chairman of the Board of Directors and Chief Executive Officer Age: Director Since: 2013 Board Committees: Risk | | | | Background Roberto R. Herencia has served as Chairman of our Board of Directors since June 2013, and as Executive Chairman and Chief Executive Officer since February 12, 2021. He serves as a member of the | |
Phillip R. Cabrera | | ||||
Age: Director Since: 2013 Board Committees: Audit, Compensation, Governance and Nominating | | | | Background Phillip R. Cabrera has served on our Board of Directors since June | |
Antonio del Valle Perochena | | ||||
Age: Director Since: 2013 Lead Director since February 2021 Board Committees: Compensation (Chair), Governance and Nominating (Chair) | | | | Background Antonio del Valle Perochena has served on our Board of Directors since June 2013 and was appointed Lead Director in February 2021. He serves as the chair of the Compensation Committee, and as the chair of the | |
Mary Jo S. Herseth | | ||||
Age: Director Since: 2019 Board Committees: Risk | | | | Background Mary Jo S. Herseth has served on our Board of Directors since April 2019. She serves as a member of the | |
Margarita Hugues Vélez | | ||||
Age: Director Since: 2022 Board Committees: | | | | Background Margarita Hugues Vélez has served on our Board of Directors since April 2022. She serves as member of the Audit and Risk Committees. Ms. Hugues Vélez also serves on the board of directors of Byline Bank and serves as member of the Audit and Risk Committees of Byline Bank. She currently is the Corporate Director at Grupo Kaluz, S.A. de C.V., which is the holding company for Orbia, S.A.B. de C.V. (formerly known as Mexichem, S.A.B. de C.V.) and Elementia Materiales, S.A.B. de C.V. and Fortaleza Materiales, S.A.B. de C.V. (formerly known as Elementia, S.A.B. de C.V.). Ms. Hugues Vélez is also part of the Board of Directors of Grupo Financiero Ve por Más, S.A. de C.V. since April 2022, and in the Boards of Directors of AXA Investment Management, S.A. de C.V. since 2015, Grupo Pochteca, S.A.B. de C.V. since 2016, Grupo Jumex, S.A. de C.V. since 2019 and | |
Steven P. Kent | | ||||
Age: Director Since: 2019 Board Committees: Risk (Chair), Audit, Compensation, and Governance and Nominating | | | | Background Steven P. Kent has served on our Board of Directors since June 2019, and serves as the chair of the | |
William G. Kistner | | ||||
Age: Director Since: 2018 Board Committees: Audit (Chair), Risk | | | | Background William G. Kistner has served on our Board of Directors since April 2018, and serves as the chair of the | |
Alberto J. Paracchini | | ||||
President Age: Director Since: 2013 Board Committees: | | | | Background Alberto J. Paracchini has served as President and Director of Byline Bancorp, Inc. and as Chief Executive Officer, President and Director of Byline Bank since June 2013. He serves as member of the Risk Committee. Mr. Paracchini also serves as a member of the | |
| | | Byline Committees | | ||||||||||||
| | | Audit | | | Compensation | | | Governance and Nominating | | | Risk | | |||
Roberto R. Herencia | | | | | | | | | | | | ● | | |||
Phillip R. Cabrera | | | ● | | | ● | | | ● | | | | | |||
Antonio del Valle Perochena | | | | | | ○ | | | ○ | | | | | |||
Mary Jo S. Herseth | | | | | | | | | | | | ● | | |||
Margarita Hugues | | | ● | | | | | | | | | | ||||
Steven P. Kent | | | ● | | | ● | | | ● | | | ○ | | |||
William G. Kistner | | | ○ | | | | | | | | | ● | | |||
| | | | | | | | | | ● | |
| Members William G. Kistner (Chair) Phillip R. Cabrera Margarita Hugues Vélez Steven Meetings in 15 | | | The Audit Committee’s duties and responsibilities include the following: • Appoints, evaluates and determines the compensation of our independent auditors. • Reviews and approves the scope of the annual audit and quarterly reviews, the audit and quarterly review fees, any additional services provided by the independent auditors and the related fees, the financial statements, significant accounting policy changes, material weaknesses identified by outside auditors or the internal audit function and risk management issues. • Prepares the Audit Committee report for inclusion in our proxy statement for our annual meeting, and reviews regulatory reports before they are filed with the SEC. • Reviews disclosure controls and procedures, internal controls, internal audit function and corporate policies with respect to financial information. • Assists the Board of Directors in monitoring our compliance with applicable legal and regulatory requirements. • Oversees investigations into complaints concerning financial matters, if any. • Reviews other risks that may have a significant impact on our financial statements. • Annually reviews the Audit Committee charter and the | |
| Members Antonio del Valle Perochena (Chair) Phillip R. Cabrera Steven P. Kent Meetings in 5 | | | The Compensation Committee’s duties and responsibilities include the following: • Reviews and approves the Company’s executive compensation structure, including salary, bonus, incentive and equity compensation. • Reviews and approves objectives relevant to the compensation of the • Evaluates performance against the objectives established for the • Makes recommendations to the Board with respect to the Company’s compensation plans that are subject to Board approval, discharges any responsibilities imposed on the Committee by any of these plans, and approves and recommends to the Board any new equity compensation plan or any material change to an existing equity compensation plan. • Reviews, approves and makes recommendations to the Board concerning the compensation of the non-employee directors of the Company. • Oversees and reviews periodically, as it deems appropriate, the administration of the Company’s employee benefits plans and any material amendments to such plans. • Reviews and recommends to the Board for approval the frequency with which the Company will conduct advisory votes on executive compensation, and review and evaluate the results of such advisory votes in the context of future decisions regarding executive compensation. • Review and monitor matters related to human capital management, including Company culture, talent development, diversity, equity and inclusion (DEI) programs and initiatives and other environmental, social and governance (ESG) matters. • Evaluates performance in relation to the Compensation Committee charter. | |
| Members Antonio del Valle Perochena (Chair) Phillip R. Cabrera Steven P. Kent Meetings in 4 | | | The Governance and Nominating Committee’s duties and responsibilities include the following: • Identifies individuals qualified to be directors consistent with the criteria approved by the Board of Directors, subject to any waivers granted by the Board, and recommends director nominees to the full Board of Directors. • • • Oversees strategy and programs related to the Company’s ESG efforts. • Leads the Board of Directors in its annual performance review. • Takes a leadership role in shaping the corporate governance of our organization. | |
| Members Steven P. Kent (Chair) Roberto R. Herencia Mary Jo S. Herseth Margarita Hugues Vélez William G. Kistner Alberto J. Paracchini Meetings in 2022 10 | | | The Risk Committee’s duties and responsibilities include the following: • Monitor management’s assessment of the Company’s aggregate enterprise-wide risk profile. • Review and recommend to the Board the articulation and establishment of the Company’s risk tolerance and risk appetite. • Oversee risk management infrastructure, profile, and critical risk management policies, including the charter of the Risk Management Committee. • Evaluate management’s activities with respect to capital planning, including stress testing and compliance with risk-based capital standards. • Provide input regarding the Chief Risk Officer’s performance and the adequacy of the Bank’s risks management functions. | |
| | | Fees Earned or Paid in Cash(1) ($) | | | Stock Awards(2)(3) ($) | | | Total ($) | | ||||||||||||
Phillip R. Cabrera | | | | | 112,125 | | | | | | | — | | | | | | | 112,125 | | | |
Antonio del Valle Perochena | | | | | 135,000 | | | | | | | — | | | | | | | 135,000 | | | |
Mary Jo S. Herseth | | | | | 109,583 | | | | | | | 17,074 | | | | | | | 126,657 | | | |
Margarita Hugues Vélez | | | | | 41,944 | | | | | | | 50,011 | | | | | | | 91,955 | | | |
Steven P. Kent | | | | | 120,042 | | | | | | | — | | | | | | | 120,042 | | | |
William G. Kistner | | | | | 100,000 | | | | | | | 33,669 | | | | | | | 133,669 | | | |
Steven M. Rull | | | | | 50,917 | | | | | | | — | | | | | | | 50,917 | | | |
Name | | | Fees Earned or Paid in Cash(1) | | | Fees Paid in Shares(2) | | | All Other Compensation | | | Total | | ||||||||||||||||
Phillip R. Cabrera | | | | $ | 114,167 | | | | | | | | | | | | | | — | | | | | | $ | 114,167 | | | |
Antonio del Valle Perochena | | | | $ | 140,515 | | | | | | | | | | | | | | — | | | | | | $ | 140,515 | | | |
Mary Jo S. Herseth | | | | $ | 97,083 | | | | | | $ | 6,250 | | | | | | | — | | | | | | $ | 103,333 | | | |
Steven P. Kent | | | | $ | 100,417 | | | | | | | | | | | | | | — | | | | | | $ | 100,417 | | | |
William G. Kistner | | | | $ | 100,417 | | | | | | $ | 5,000 | | | | | | | — | | | | | | $ | 105,417 | | | |
Steven M. Rull | | | | $ | 101,875 | | | | | | | | | | | | | | — | | | | | | $ | 101,875 | | | |
Robert R. Yohanan(3) | | | | $ | 689,583 | | | | | | | | | | | | | | — | | | | | | $ | 689,583 | | | |
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| Proposal 2 | | | The board recommends a vote FOR this proposal | |
| To approve an amendment to the | | |||
| The Company’s 2017 The purpose of the At the Annual Meeting, stockholders will be requested to approve an amendment to the | |
| | | (A) | | | (B) | | | (C) | | ||||||||||||
Plan Category | | | Number of Securities to be issued upon exercise of outstanding options or vesting of outstanding restricted stock grants | | | Weighted average exercise price of outstanding options | | | Number of Securities remaining available for future issuance under equity compensation plans excluding securities reflected in column (A) | | ||||||||||||
Equity compensation plans approved by stockholders | | | | | | | | | | | | | | | | | | | | | | |
2017 Omnibus Incentive Compensation Plan | | | | | 581,337 | | | | | N/A | | | | | 416,065 | | | | ||||
Equity compensation plans not approved by stockholders | | | | | | | | | | | | | | | | | | | | | | |
Byline Bancorp Equity Incentive Plan | | | | | 768,564 | | | | | | $ | 11.31 | | | | | | | — | | | |
First Evanston Option Exchange | | | | | 162,288 | | | | | | $ | 11.66 | | | | | | | — | | | |
Total | | | | | 1,512,189 | | | | | | | | | | | | | | 416,065 | | | |
| Proposal 3 | | | The board recommends a vote FOR this proposal | |
| Approval of, on an advisory (non-binding) basis, the compensation of the Company’s named executive officers as described in this Proxy Statement | | |||
| During the fiscal year ended December 31, 2022, we exited “emerging growth company” status as defined in the Jumpstart Our Business Startups Act. As such, our stockholders will have their first opportunity to cast a non-binding advisory vote to approve our executive compensation at the Annual Meeting in 2023 known as “Say-on-Pay”. We have historically been regularly connected to our largest investors. As we continue to evolve, we intend to broaden our stockholder engagement efforts and facilitate open and ongoing dialogues with key stakeholders to help ensure that we have a regular pulse on investor perspectives. In the future, we will consider the feedback we receive from our major stockholders as well as the outcome of Say-on-Pay votes when making compensation decisions regarding our named executive officers (“NEOs”). Following the Say-on-Pay vote at the Annual Meeting and depending on the outcome of Proposal No. 4 (regarding the frequency of future Say-on-Pay votes), our next Say-on-Pay vote is expected to occur at our 2024 annual meeting of stockholders. As required pursuant to Section 14A of the Exchange Act, we are providing stockholders with an opportunity to vote to approve, on an advisory basis, the compensation of our named executive officers as disclosed in this Proxy Statement. As discussed above, although this vote is advisory and thus non-binding, the Board and the Compensation Committee value the opinions of our stockholders and will consider the outcome of this Say-on-Pay vote when evaluating our compensation philosophy, policies and practices. | |
| Proposal 4 | | | The board recommends a vote FOR this proposal | |
| Approval of, on an advisory (non-binding) basis, the frequency of future Stockholder advisory votes to approve the compensation of the Company’s named executive officers | | |||
| As required by Section 14A of the Exchange Act, every six years, the Company will provide stockholders with an opportunity to vote to approve, on an advisory basis, the frequency of the Say-on-Pay vote as described in Proposal No. 3. We are asking stockholders whether future Say-on-Pay votes should be held every year. | |
| Proposal 5 | | | The board recommends a vote FOR this proposal | |
| Ratification of Independent Registered Public Accounting Firm | | |||
| Under its charter, the Audit Committee has the sole authority to appoint or replace our independent registered public accounting firm, subject to stockholder approval, and has direct responsibility for the compensation and oversight of such firm. Our independent registered public accounting firm for the fiscal year ended December 31, | |
| | | 2021 | | 2020 | | | | 2022 | | 2021 | | ||||||||||||||||||||
| Audit Fees | | | $ | 819,000 | | | | | $ | 835,000 | | | | Audit Fees | | | $ | 980,000 | | | | | $ | 819,000 | | | | ||||
| Audit-Related Fees | | | $ | 19,000 | | | | | $ | 18,500 | | | | Audit-Related Fees | | | $ | 23,000 | | | | | $ | 19,000 | | | | ||||
| Total | | | $ | 838,000 | | | | | $ | 853,500 | | | | Total | | | $ | 1,003,000 | | | | | $ | 838,000 | | | |
| | | | William G. Kistner (Chair) Phillip R. Cabrera Steven Margarita Hugues Vélez | |
Named Executive Officer | | | Principal Position | |
Roberto Herencia | | | Executive Chairman and Chief Executive Officer | |
Alberto J. Paracchini | | | President | |
Thomas J. Bell III(1) | | | Executive Vice President, Chief Financial Officer and Treasurer | |
Thomas S. Abraham | | | President, Byline Small Business Capital | |
Brogan M. Ptacin | | | Head of Commercial Banking | |
Lindsay Corby(2) | | | Former Executive Vice President, Chief Financial Officer | |
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| Pay for Performance • We base our annual incentive compensation programs on the achievement of corporate and individual performance measures that are tied directly to our business strategy. • We link a significant portion of compensation to performance using short-term (cash) and long-term (equity) compensation. Emphasize • Equity programs reward performance over a three-year time horizon. Equity Awards • We grant equity awards that have Stock Ownership Commitment • Our stock ownership Clawbacks • Our policy requires the recoupment of any excess incentive compensation paid to our executive officers if we are required to restate our financial statements due to material noncompliance with any financial reporting requirement under applicable securities laws. Risk Management • Our compensation plans are evaluated annually by our risk management professionals and our Compensation Committee, as part of its effort to ensure our compensation plans do not encourage imprudent risk taking. • We employ a variety of performance metrics to deter excessive risk-taking by elimination any incentive focus on a single performance goal. • We have built in appropriate levels of discretion to adjust incentive payouts if results are not aligned with credit quality, regulatory compliance, or leading indicators of future financial results. Compensation Benchmarking • We use a defined peer group for benchmarking, and the Compensation Committee periodically reviews the peer group to ensure the peer companies remain relevant and appropriate. Engage Independent Advisor • The Compensation Committee uses the services of an independent compensation consultant. | | | | | | | | | No Hedging or Pledging of Company Stock • We have a policy that prohibits all executive officers and directors from entering into any transaction designed to hedge or offset changes in the market value of our stock. The policy also prohibits holding our stock in a brokerage margin account or pledging our stock as collateral for a loan. No Extensive Use of Employment Agreements • We limit the use of employment agreements to our Executive Chairman and CEO, President, CFO, and the President of our Small Business Capital business unit. No Significant Perquisites • We do not provide significant perquisites to our executive officers. No Golden Parachute Tax • We do not allow for tax No • Our employment agreements and compensation plans generally do not provide for any No Unearned Dividends Paid • We accrue dividends on | |
Name and Principal Position | | | Year | | | Salary | | | Bonus(2) | | | Omnibus Incentive Plan Awards(3) | | | All Other Compensation(4) | | | Total | | ||||||||||||||||||||||||
Roberto R. Herencia(1) Executive Chairman and Chief Executive Officer | | | | | 2021 | | | | | | $ | 825,000 | | | | | | $ | 928,125 | | | | | | $ | 2,062,509 | | | | | | $ | 34,349 | | | | | | $ | 3,849,983 | | | |
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| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
Alberto J. Paracchini President | | | | | 2021 | | | | | | $ | 615,000 | | | | | | $ | 507,375 | | | | | | $ | 369,037 | | | | | | $ | 29,395 | | | | | | $ | 1,520,807 | | | |
| | | 2020 | | | | | | | 608,750 | | | | | | | 253,688 | | | | | | | 282,520 | | | | | | | 12,609 | | | | | | | 1,157,566 | | | | ||
| | | 2019 | | | | | | | 556,875 | | | | | | | 254,250 | | | | | | | 216,674 | | | | | | | 12,409 | | | | | | | 1,040,208 | | | | ||
Lindsay Corby EVP and Chief Financial Officer | | | | | 2021 | | | | | | $ | 381,875 | | | | | | $ | 231,000 | | | | | | $ | 187,230 | | | | | | $ | 13,275 | | | | | | $ | 813,380 | | | |
| | | 2020 | | | | | | | 356,250 | | | | | | | 108,000 | | | | | | | 132,020 | | | | | | $ | 13,275 | | | | | | $ | 609,545 | | | | ||
| | | 2019 | | | | | | | 326,875 | | | | | | | 126,127 | | | | | | | 122,022 | | | | | | | 11,356 | | | | | | | 586,380 | | | | ||
Thomas Abraham President Small Business Capital | | | | | 2021 | | | | | | $ | 400,000 | | | | | | $ | 144,000 | | | | | | $ | 120,017 | | | | | | $ | 21,712 | | | | | | $ | 685,729 | | | |
| | | 2020 | | | | | | | 400,000 | | | | | | | 84,000 | | | | | | | 120,015 | | | | | | $ | 11,592 | | | | | | $ | 615,607 | | | | ||
| | | 2019 | | | | | | | 400,000 | | | | | | | 108,000 | | | | | | | 150,007 | | | | | | $ | 33,150 | | | | | | $ | 691,157 | | | |
Name | | | Perquisites and Other Benefits(a) | | | Contributions to Defined Contribution Plans(b) | | | Insurance Premiums(c) | | | Total | | ||||||||||||||||
Roberto R. Herencia | | | | $ | 20,693 | | | | | | $ | 10,875 | | | | | | $ | 2,780 | | | | | | $ | 34,349 | | | |
Alberto J. Paracchini | | | | $ | 16,560 | | | | | | | 11,600 | | | | | | | 1,234 | | | | | | $ | 29,395 | | | |
Lindsay Corby | | | | $ | 900 | | | | | | | 11,600 | | | | | | | 775 | | | | | | $ | 13,275 | | | |
Thomas Abraham | | | | $ | 9,900 | | | | | | | 11,600 | | | | | | | 212 | | | | | | | 21,712 | | | |
| Key Elements | | ||||||
| Pay Element | | | Form | | | Performance Metric | |
| Base Salary | | | Cash | | | • Base salary is set at market-competitive levels | |
| Short-Term Incentives | | | Cash | | | • 70% Corporate Financial Performance (Corporate Scorecard) • 30% Individual Performance | |
| Long-Term Incentives | | | 50% Performance Shares | | | • Three-year relative return on average assets (ROAA) | |
| 50% Restricted Shares | | | • Stock price | |
| | | | | |
| 1st Source Corporation | | | Preferred Bank | |
| Allegiance Bancshares, Inc. | | | Provident Financial Services, Inc. | |
| CrossFirst Bankshares, Inc. | | | QCR Holdings, Inc. | |
| Enterprise Financial Services Corp | | | Sandy Spring Bancorp, Inc. | |
| FB Financial Corporation | | | Seacoast Banking Corporation of Florida | |
| First Busey Corporation | | | ServisFirst Bancshares, Inc. | |
| Heritage Commerce Corp | | | Stock Yards Bancorp, Inc. | |
| Heritage Financial Corporation | | | TriCo Bancshares | |
| Lakeland Bancorp, Inc. | | | TriState Capital Holdings, Inc. | |
| National Bank Holdings Corporation | | | Triumph Bancorp, Inc. | |
| Peapack-Gladstone Financial Corporation | | | Univest Financial Corporation | |
| Peoples Bancorp Inc. | | | Veritex Holdings, Inc. | |
Pay Element | | | How It’s Paid | | | Purpose | |
Base Salary | | | Cash (Fixed) | | | Provide a competitive base salary rate relative to similar positions in the market and enable the Company to attract and retain critical executive talent. | |
Short-Term Incentives | | | Cash (Variable) | | | Tie a significant portion of our executives’ cash compensation opportunities to the attainment of performance goals that we believe will help us attain short- and long-term business objectives. | |
Long-Term Incentives | | | Equity (Variable) | | | Provide incentives for executive officers to execute on longer-term financial goals that drive the creation of stockholder value and also support the Company’s leadership retention objectives. | |
| | | | | | |
Named Executive Officer | | | 2021 Base Salary | | | 2022 Base Salary | | | % Increase | | ||||||||||||
Roberto Herencia | | | | $ | 825,000 | | | | | | $ | 825,000 | | | | | | | 0 | % | | |
Alberto J. Paracchini | | | | $ | 615,000 | | | | | | $ | 615,000 | | | | | | | 0 | % | | |
Thomas J. Bell III | | | | $ | 256,000 | | | | | | $ | 350,000 | | | | | | | 37 | % | | |
Thomas S. Abraham | | | | $ | 400,000 | | | | | | $ | 420,000 | | | | | | | 5 | % | | |
Brogan M. Ptacin | | | | $ | 335,000 | | | | | | $ | 347,000 | | | | | | | 4 | % | | |
Lindsay Corby(1) | | | | $ | 385,000 | | | | | | $ | 425,000 | | | | | | | 10 | % | | |
Named Executive Officer | | | Target Award Opportunity (as a % of base salary) | | | Corporate Goal Weighting | | | Individual Performance Weighting | | ||||||||||||
Roberto Herencia | | | | | 75 | % | | | | | | 70 | % | | | | | | 30 | % | | |
Alberto J. Paracchini | | | | | 55 | % | | | | | | 70 | % | | | | | | 30 | % | | |
Thomas J. Bell III | | | | | 45 | % | | | | | | 70 | % | | | | | | 30 | % | | |
Thomas S. Abraham(1) | | | | | 45 | % | | | | | | 100 | % | | | | | | 0 | % | | |
Brogan M. Ptacin | | | | | 40 | % | | | | | | 70 | % | | | | | | 30 | % | | |
Lindsay Corby(2) | | | | | 45 | % | | | | | | 70 | % | | | | | | 30 | % | | |
| | | | | | | | | Final 2022 Performance | | |||||||||
Dollars in thousands | | | Weight | | | Target | | | Actual | | | Score | | ||||||
1) Loan Quality / Operational Soundness | | | 20% | | | | | | | | | | | | | | 19.93% | | |
Classified Asset Ratio(1) | | | 10% | | | 15.00% | | | | | 15.64% | | | | | | 9.57% | | |
NPAs / Assets(2) | | | 10% | | | 0.57% | | | | | 0.55% | | | | | | 10.36% | | |
2) Growth | | | 20% | | | | | | | | | | | | | | 20.96% | | |
Total Loans Excluding PPP | | | 10% | | | $4,941,515 | | | | $ | 5,420,218 | | | | | | 10.97% | | |
Total Core Deposits | | | 10% | | | 4,774,785 | | | | | 4,772,194 | | | | | | 9.99% | | |
3) Profitability | | | 60% | | | | | | | | | | | | | | 67.29% | | |
ROA | | | 40% | | | 1.12% | | | | | 1.29% | | | | | | 46.01% | | |
Efficiency Ratio | | | 10% | | | 58.64% | | | | | 54.70% | | | | | | 10.67% | | |
Fee Income / Average Assets(3) | | | 10% | | | 0.33% | | | | | 0.35% | | | | | | 10.61% | | |
Total | | | 100% | | | | | | | | | | | | | | 108.18% | | |
| | | 75% | | | | | | | | 120% | | | | | | | | |
Net Income | | | 56,431 | | | 75,242 | | | | | 90,419 | | | | |
Byline — Small Business Capital | | | | | | | | | | | | | | | | | | | | ||||||
2022 STI Objectives | | | | | | | | | | | | | | | Final 2022 Performance | | |||||||||
Dollars in thousands | | | Weight | | | Target | | | Actual | | | Score | | ||||||||||||
1) SBC Pre-Tax Pre-FTP Net Income(1) | | | | | 25% | | | | | | 48,269 | | | | | | 53,479 | | | | | | 30.40% | | |
2) SBC Pre-Tax Pre-FTP Return on Average Assets(2) | | | | | 20% | | | | | | 7.06% | | | | | | 7.63% | | | | | | 23.24% | | |
3) SBC NPAs / Assets(3) | | | | | 25% | | | | | | 3.42% | | | | | | 2.69% | | | | | | 45.60% | | |
4) SBC Noninterest Expense / Average Assets | | | | | 10% | | | | | | 4.90% | | | | | | 4.87% | | | | | | 10.51% | | |
5) Byline Bancorp, Inc. Net Income(4) | | | | | 20% | | | | | $ | 75,242 | | | | | $ | 90,419 | | | | | | 28.07% | | |
Total | | | | | 100% | | | | | | | | | | | | | | | | | | 137.82% | | |
Byline — Small Business Capital | | | | | | | | | | | | | | | | | | | | ||||||
2022 LTI Objectives | | | | | | | | | | | | | | | Final 2022 Performance | | |||||||||
| | | Weight | | | Target | | | Actual | | | Score | | ||||||||||||
1) Byline Bancorp, Inc. Net Income(1) | | | | | 33% | | | | | $ | 75,242 | | | | | $ | 90,419 | | | | | | 46.78% | | |
2) SBC Pre-Tax Pre-FTP Net Income(2) | | | | | 33% | | | | | $ | 48,269 | | | | | $ | 53,479 | | | | | | 40.53% | | |
3) SBC NPAs / Assets(3) | | | | | 33% | | | | | | 3.42% | | | | | | 2.69% | | | | | | 60.80% | | |
Total | | | | | 100% | | | | | | | | | | | | | | | | | | 148.11% | | |
Named Executive Officer | | | 2022 Target (% of Salary) | | | 2022 Target ($) | | | Corporate Performance Results (%) | | | Individual Performance Results (%) | | | 2022 Actual ($) | | | 2022 Actual (% of Salary) | | ||||||||||||||||||||||||
Roberto Herencia | | | | | 75 | | | | | | | 618,750 | | | | | | | 108.18 | | | | | | | 125 | | | | | | | 700,603 | | | | | | | 84.9 | | | |
Alberto J. Paracchini | | | | | 55 | | | | | | | 338,250 | | | | | | | 108.18 | | | | | | | 100 | | | | | | | 357,628 | | | | | | | 58.2 | | | |
Thomas J. Bell III | | | | | 45 | | | | | | | 157,500 | | | | | | | 108.18 | | | | | | | 100 | | | | | | | 166,523 | | | | | | | 47.6 | | | |
Thomas S. Abraham | | | | | 45 | | | | | | | 189,000 | | | | | | | 137.82 | | | | | | | N/A | | | | | | | 260,475 | | | | | | | 62.0 | | | |
Brogan M. Ptacin | | | | | 40 | | | | | | | 138,800 | | | | | | | 108.18 | | | | | | | 135 | | | | | | | 161,326 | | | | | | | 46.5 | | | |
Categories | | | Loan Quality/ Operational Soundness | | | Growth | | | Profitability | |
Weight | | | 20% | | | 20% | | | 60% | |
Metrics | | | Classified Asset Ratio: 10% | | | Net Loan Growth: 10%(1) | | | ROA: 40% | |
| Non-Performing Assets/ Assets: 10% | | | Total Core Deposit: 10% | | | Efficiency Ratio: 10% | | ||
| | | | | | | Fee Income/Average Assets Ratio: 10% | |
Named Executive Officer | | | Target Bonus % of Base Salary | | | Target Bonus Amount | | | Payout for Corporate Achievement | | | Payout for Individual Performance | | | Total Incentive Payout | | | Total Incentive Payout % of Target | | ||||||||||||||||||||||||
Roberto R. Herencia | | | | | 75 | % | | | | | $ | 618,750 | | | | | | $ | 697,331 | | | | | | $ | 185,625 | | | | | | $ | 928,125 | | | | | | | 150 | % | | |
Alberto J. Paracchini | | | | | 55 | % | | | | | $ | 338,000 | | | | | | $ | 381,208 | | | | | | $ | 126,167 | | | | | | $ | 507,375 | | | | | | | 150 | % | | |
Lindsay Corby | | | | | 40 | % | | | | | $ | 154,000 | | | | | | $ | 173,558 | | | | | | $ | 57,442 | | | | | | $ | 231,000 | | | | | | | 150 | % | | |
Thomas Abraham | | | | | 30 | % | | | | | $ | 120,000 | | | | | | $ | 144,000(1) | | | | | | | — | | | | | | $ | 144,000 | | | | | | | 120 | % | | |
Award Type | | | Weighting | | | Design At-a-Glance | |
Performance Shares | | | 50% | | | Performance shares align executive pay with achievement of financial metrics that are the most impactful to stockholders. Vesting is dependent on the achievement of specified goals and is measured at the end of a three-year performance period. The 2022 performance shares are tied to Byline’s three-year (2022-2024) Return on Average Assets (ROAA) as compared to a custom peer group of approximately 100 publicly traded bank holding companies ranging in asset size from 50% to 200% of Byline’s total assets. Performance will be measured cumulatively at the end of the performance period. Threshold, target, and superior performance levels are set at the 25th, 50th and 75th percentiles of the peer index, respectively. ROAA is defined as net income as a percent of average assets. Our named executive officers may earn 25% of their target opportunity for threshold-level performance, up to 100% of their target opportunity, and up to 150% of their target opportunity for superior-level performance. Amounts between threshold and superior are interpolated to reward incremental achievement and no amounts are paid with respect to a particular performance metric if actual results are below threshold. | |
Time-Based Restricted Shares | | | 50% | | | Time-based restricted shares vest equally over three years on the anniversary date of the grant. Awards vest automatically upon 1) death, 2) termination of employment due to disability and 3) termination following a change-in-control. | |
Named Executive Officer(2) | | | Target as a % of Base Salary | | | Target $ Performance-Vesting Restricted Shares(1) | | | Target $ Time-Vesting Restricted Shares(1) | | ||||||||||||
Roberto R. Herencia | | | | | 85 | % | | | | | $ | 350,625 | | | | | | $ | 350,625 | | | |
Alberto J. Paracchini | | | | | 60 | % | | | | | $ | 184,500 | | | | | | $ | 184,500 | | | |
Lindsay Corby | | | | | 60 | % | | | | | $ | 115,500 | | | | | | $ | 115,500 | | | |
Thomas Abraham | | | | | 30 | % | | | | | | — | | | | | | $ | 120,000 | | | |
Named Executive Officer | | | Target as a % of Base Salary | | | Target Performance Shares(1) ($) | | | Target Restricted Shares(1) ($) | | | Total Target Award Value ($) | | ||||||||||||||||
Roberto Herencia | | | | | 85 | % | | | | | | 350,637 | | | | | | | 350,637 | | | | | | | 701,274 | | | |
Alberto J. Paracchini | | | | | 60 | % | | | | | | 184,502 | | | | | | | 184,502 | | | | | | | 369,004 | | | |
Thomas J. Bell III | | | | | 30 | % | | | | | | 38,405 | | | | | | | 38,406 | | | | | | | 76,811 | | | |
Thomas S. Abraham(2) | | | | | 45 | % | | | | | | N/A | | | | | | | 180,025 | | | | | | | 180,025 | | | |
Brogan M. Ptacin | | | | | 40 | % | | | | | | 66,994 | | | | | | | 67,020 | | | | | | | 134,014 | | | |
Lindsay Corby(3) | | | | | 60 | % | | | | | | 115,512 | | | | | | | 115,513 | | | | | | | 231,025 | | | |
Metric | | | Threshold (50% Payout) | | | Target (100% Payout) | | | Superior (150% Payout) | | | Actual Rank | | | Actual Payout (as a % of Target) | |
Relative ROAA | | | 25th Percentile | | | 50th Percentile Peer Avg. ROAA = 1.14% | | | 75th Percentile | | | Byline Avg. ROAA 1.17% | | | 107.39% | |
Position | | | Aggregate Values of Shares Owned | |
Executive Chairman and CEO | | | 5x Base Salary | |
President | | | 3x Base Salary | |
Other Executive Officers | | | 1x Base Salary | |
Name and Principal Position | | | Year | | | Salary(1) | | | Stock Awards(2) | | | Non-equity Incentive Plan Compensation(3) | | | All Other Compensation(4) | | | Total | | ||||||||||||||||||||||||
Roberto R. Herencia Executive Chairman and Chief Executive Officer | | | | | 2022 | | | | | | $ | 824,995 | | | | | | $ | 701,274 | | | | | | $ | 700,603 | | | | | | $ | 37,287 | | | | | | $ | 2,264,159 | | | |
| | | 2021 | | | | | | $ | 825,000 | | | | | | $ | 2,062,509 | | | | | | $ | 928,125 | | | | | | $ | 34,349 | | | | | | $ | 3,849,983 | | | | ||
Alberto J. Paracchini President | | | | | 2022 | | | | | | $ | 614,996 | | | | | | $ | 369,004 | | | | | | $ | 357,628 | | | | | | $ | 29,175 | | | | | | $ | 1,370,803 | | | |
| | | 2021 | | | | | | $ | 615,000 | | | | | | $ | 369,037 | | | | | | $ | 507,375 | | | | | | $ | 29,395 | | | | | | $ | 1,520,807 | | | | ||
| | | 2020 | | | | | | $ | 608,750 | | | | | | $ | 282,520 | | | | | | $ | 253,688 | | | | | | $ | 12,609 | | | | | | $ | 1,157,566 | | | | ||
Thomas J. Bell III Chief Financial Officer & Treasurer | | | | | 2022 | | | | | | $ | 297,968 | | | | | | $ | 76,811 | | | | | | $ | 166,523 | | | | | | $ | 13,730 | | | | | | $ | 555,032 | | | |
Brogan M. Ptacin Head of Commercial Banking | | | | | 2022 | | | | | | $ | 345,998 | | | | | | $ | 134,014 | | | | | | $ | 161,326 | | | | | | $ | 36,208 | | | | | | $ | 677,546 | | | |
| | | 2021 | | | | | | $ | 334,125 | | | | | | $ | 124,665 | | | | | | $ | 201,308 | | | | | | $ | 33,788 | | | | | | $ | 693,886 | | | | ||
| | | 2020 | | | | | | $ | 326,469 | | | | | | $ | 110,530 | | | | | | $ | 242,490 | | | | | | $ | 33,315 | | | | | | $ | 712,804 | | | | ||
Thomas S. Abraham President of Small Business Capital | | | | | 2022 | | | | | | $ | 418,331 | | | | | | $ | 180,025 | | | | | | $ | 260,475 | | | | | | $ | 89,885 | | | | | | $ | 948,715 | | | |
| | | 2021 | | | | | | $ | 400,000 | | | | | | $ | 120,017 | | | | | | $ | 144,000 | | | | | | $ | 21,712 | | | | | | $ | 685,729 | | | | ||
| | | 2020 | | | | | | $ | 400,000 | | | | | | $ | 120,015 | | | | | | $ | 84,000 | | | | | | $ | 11,592 | | | | | | $ | 615,607 | | | | ||
Lindsay Corby Former EVP and Chief Financial Officer | | | | | 2022 | | | | | | $ | 293,363 | | | | | | $ | 231,025 | | | | | | | — | | | | | | $ | 13,372 | | | | | | $ | 537,760 | | | |
| | | 2021 | | | | | | $ | 381,875 | | | | | | $ | 187,230 | | | | | | $ | 231,000 | | | | | | $ | 13,275 | | | | | | $ | 813,380 | | | | ||
| | | 2020 | | | | | | $ | 356,250 | | | | | | $ | 132,020 | | | | | | $ | 108,000 | | | | | | $ | 13,275 | | | | | | $ | 609,545 | | | |
Name | | | Perquisites and Other Benefits(a) | | | Contributions to Defined Contribution Plans(b) | | | Insurance Premiums(c) | | | Other Cash(d) | | | Total | | ||||||||||||||||||||
Roberto R. Herencia | | | | $ | 22,572 | | | | | | $ | 12,200 | | | | | | $ | 2,515 | | | | | | | — | | | | | | $ | 37,287 | | | |
Alberto J. Paracchini | | | | $ | 16,006 | | | | | | $ | 12,200 | | | | | | $ | 969 | | | | | | | — | | | | | | $ | 29,175 | | | |
Thomas J. Bell III | | | | $ | 900 | | | | | | $ | 12,200 | | | | | | | — | | | | | | $ | 630 | | | | | | $ | 13,730 | | | |
Brogan M. Ptacin | | | | $ | 24,008 | | | | | | $ | 12,200 | | | | | | | — | | | | | | | — | | | | | | $ | 36,208 | | | |
Thomas S. Abraham | | | | $ | 9,900 | | | | | | $ | 11,609 | | | | | | | — | | | | | | $ | 68,376 | | | | | | $ | 89,885 | | | |
Lindsay Corby | | | | $ | 600 | | | | | | $ | 12,200 | | | | | | $ | 572 | | | | | | | — | | | | | | $ | 13,372 | | | |
| | | | | | | | | | Estimated Future Payouts Under Non-Equity Incentive Plan Awards(1) | | | Estimated Future Payouts Under Performance Share Equity Incentive Plan Awards(2) | | | All Other Stock Awards: Number of shares (#)(3) | | | Grant Date Fair Value of Stock Award ($)(4) | | ||||||||||||||||||||||||||||||||||||||||||||
Name | | | Grant Date | | | Threshold ($) | | | Target ($) | | | Maximum ($) | | | Threshold (#) | | | Target (#) | | | Maximum (#) | | ||||||||||||||||||||||||||||||||||||||||||
Roberto R. Herencia | | | | | 2/22/2022 | | | | | | | 433,125 | | | | | | | 618,750 | | | | | | | 1,237,500 | | | | | | | 3,250 | | | | | | | 13,001 | | | | | | | 19,502 | | | | | | | 13,001 | | | | | | | 701,274 | | | |
Alberto J. Paracchini | | | | | 2/22/2022 | | | | | | | 236,775 | | | | | | | 338,250 | | | | | | | 676,500 | | | | | | | 1,710 | | | | | | | 6,841 | | | | | | | 10,262 | | | | | | | 6,841 | | | | | | | 369,004 | | | |
Thomas J. Bell III | | | | | 2/22/2022 | | | | | | | 110,250 | | | | | | | 157,500 | | | | | | | 315,000 | | | | | | | 356 | | | | | | | 1,424 | | | | | | | 2,136 | | | | | | | 1,424 | | | | | | | 76,811 | | | |
Brogan M. Ptacin | | | | | 2/22/2022 | | | | | | | 97,160 | | | | | | | 138,800 | | | | | | | 277,600 | | | | | | | 621 | | | | | | | 2,484 | | | | | | | 3,726 | | | | | | | 2,485 | | | | | | | 134,014 | | | |
Thomas S. Abraham | | | | | 2/22/2022 | | | | | | | 189,000 | | | | | | | 189,000 | | | | | | | 378,000 | | | | | | | N/A | | | | | | | N/A | | | | | | | N/A | | | | | | | 6,675 | | | | | | | 180,025 | | | |
Lindsay Corby | | | | | 2/22/2022 | | | | | | | 133,875 | | | | | | | 191,250 | | | | | | | 382,500 | | | | | | | 1,071 | | | | | | | 4,283 | | | | | | | 6,425 | | | | | | | 4,283 | | | | | | | 231,025 | | | |
| | Option Awards | | Stock Awards | | | Option Awards | | Stock Awards | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Name | | Date | | Number of Securities Underlying Unexercised Options (#) Exercisable(1) | | Number of Securities Underlying Unexercised Options (#) Unexercisable | | Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options (#) | | Option Exercise Price | | Option Expiration Date(2) | | Grant Date | | Number of Shares or Units of Stock that Have Not Vested (#) | | Number of Shares or Units of Stock that Have Not Vested ($) | | Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#) | | Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($) | | | Grant Date | | Number of Securities Underlying Unexercised Options Exercisable (#)(1) | | Option Exercise Price | | Option Expiration Date(2) | | Grant Date | | Number of Shares or Units of Stock that Have Not Vested (#)(3) | | Market Value of Shares or Units of Stock that Have Not Vested ($) | | Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#)(4) | | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($) | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Roberto R. Herencia | | 6/26/2015 | | | | 428,988 | | | — | | — | | $11.18 | | 6/26/2025 | | 2/19/2021 | | 72,983 | | 1,996,085 | | — | | — | | | | | 6/26/2015 | | | | | | 214,494 | | | | | $ | 11.18 | | | | | | 6/26/2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 2/19/2021 | | | | | | 36,491 | | | | | $ | 838,198 | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 2/22/2022 | | | | | | 13,001 | | | | | $ | 298,633 | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 2/22/2022 | | | | | | | | | | | | | | | | | | 13,001 | | | | | $ | 298,633 | | | | ||||||||||||||||||||||||||||||||||||||||||||||
Alberto J. Paracchini | | | 6/26/2015 | | | | 428,988 | | | — | | — | | td1.18 | | 6/26/2025 | | 4/2/2019 | | | | | | 5,684 | | 155,457.40 | | | | | 6/26/2015 | | | | | | 214,494 | | | | | $ | 11.18 | | | | | | 6/26/2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||
| | | | | | | | | | | | | | | | 4/2/2019 | | 1,894 | | 51,801 | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | 2/28/2020 | | | | | | 8,072 | | 220,769 | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | 2/28/2020 | | 5,381 | | 147,170 | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | 2/22/2021 | | | | | | 9,526 | | 260,536 | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | 2/22/2021 | | 9,526 | | 260,536 | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Lindsay Corby | | | 6/26/2015 | | | | 97,496 | | | — | | — | | td1.18 | | 6/26/2025 | | 4/2/2019 | | | | | | 3,201 | | 87,547 | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | 4/2/2019 | | 1,067 | | 29,182 | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | 2/28/2020 | | | | | | 3,772 | | 103,164 | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | 2/28/2020 | | 2,514 | | 68,758 | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | 2/22/2021 | | | | | | 4,833 | | 132,183 | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | 2/22/2021 | | 4,833 | | 132,183 | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Thomas Abraham | | | — | | | | — | | | — | | — | | — | | — | | 12/19/2019 | | 2,557 | | 69,934 | | — | | — | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | 2/28/2020 | | 4,572 | | 125,044 | | — | | — | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | 2/22/2021 | | 6,196 | | 169,461 | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 2/28/2020 | | | | | | | | | | | | | | | | | | 8,072 | | | | | $ | 185,414 | | | | ||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 2/28/2020 | | | | | | 2,690 | | | | | $ | 61,789 | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 2/22/2021 | | | | | | | | | | | | | | | | | | 9,526 | | | | | $ | 218,812 | | | | ||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 2/22/2021 | | | | | | 6,350 | | | | | $ | 145,860 | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 2/22/2022 | | | | | | | | | | | | | | | | | | 6,841 | | | | | $ | 157,138 | | | | ||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 2/22/2022 | | | | | | 6,841 | | | | | $ | 157,138 | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||
Thomas J. Bell III | | | | 6/26/2015 | | | | | | 43,497 | | | | | $ | 11.18 | | | | | | 6/26/2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 2/28/2020 | | | | | | | | | | | | | | | | | | 1,786 | | | | | $ | 41,024 | | | | ||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 2/28/2020 | | | | | | 595 | | | | | $ | 13,667 | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 2/22/2021 | | | | | | | | | | | | | | | | | | 1,614 | | | | | $ | 37,074 | | | | ||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 2/22/2021 | | | | | | 1,076 | | | | | $ | 24,716 | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 2/22/2022 | | | | | | | | | | | | | | | | | | 1,424 | | | | | $ | 32,709 | | | | ||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 2/22/2022 | | | | | | 1,424 | | | | | $ | 32,709 | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||
Brogan M. Ptacin | | | | 5/31/2018 | | | | | | 11,812 | | | | | $ | 11.65 | | | | | | 12/15/2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||
| | | | 5/31/2018 | | | | | | 11,812 | | | | | $ | 11.65 | | | | | | 12/16/2024 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||
| | | | 5/31/2018 | | | | | | 9,450 | | | | | $ | 10.59 | | | | | | 12/17/2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||
| | | | 5/31/2018 | | | | | | 9,450 | | | | | $ | 12.70 | | | | | | 12/20/2026 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 2/28/2020 | | | | | | | | | | | | | | | | | | 3,158 | | | | | $ | 72,539 | | | | ||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 2/28/2020 | | | | | | 1,052 | | | | | $ | 24,164 | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 2/22/2021 | | | | | | | | | | | | | | | | | | 3,218 | | | | | $ | 73,917 | | | | ||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 2/22/2021 | | | | | | 2,145 | | | | | $ | 49,271 | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 2/22/2022 | | | | | | | | | | | | | | | | | | 2,484 | | | | | $ | 57,057 | | | | ||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 2/22/2022 | | | | | | 2,485 | | | | | $ | 57,080 | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||
Thomas S. Abraham | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2/28/2020 | | | | | | 2,286 | | | | | $ | 52,509 | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 2/22/2021 | | | | | | 4,130 | | | | | $ | 94,866 | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 2/22/2022 | | | | | | 6,675 | | | | | $ | 153,325 | | | | | | | | | | | | | | | |
| | | Option Awards | | | Stock Awards | | ||||||||||||||||||||||
Name | | | Number of Shares Acquired on Exercise (#) | | | Value Realized on Exercise ($)(1) | | | Number of Shares Acquired on Vesting (#)(2) | | | Value Realized on Vesting ($) | | ||||||||||||||||
Roberto R. Herencia | | | | | 214,494 | | | | | | | 3,011,496 | | | | | | | 36,492 | | | | | | | 838,221 | | | |
Alberto J. Paracchini | | | | | 214,494 | | | | | | | 3,376,136 | | | | | | | 13,735 | | | | | | | 365,575 | | | |
Thomas J. Bell III | | | | | | | | | | | | | | | | | | | 3,858 | | | | | | | 102,267 | | | |
Brogan M. Ptacin | | | | | | | | | | | | | | | | | | | 9,697 | | | | | | | 251,947 | | | |
Thomas S. Abraham | | | | | | | | | | | | | | | | | | | 6,909 | | | | | | | 176,436 | | | |
Lindsay Corby | | | | | 97,496 | | | | | | | 1,257,851 | | | | | | | 7,300 | | | | | | | 194,067 | | | |
Named Executive Officer | | | Entity who entered into the Agreement | | | Effective Date of the Agreement | | | Initial Term | | | Extensions | | | Renewals | | | Position | | | Reporting to | |
Roberto R. Herencia | | | Byline Bancorp and Byline Bank | | | 02/12/2021 | | | 3 years | | | Automatic 1-year extension unless notification is provided | | | N/A | | | Executive Chairman and Chief Executive Officer | | | Board of Directors | |
Alberto J. Paracchini | | | Byline Bank | | | 01/21/2016 | | | 3 years | | | Automatic 1-year extension unless notification is provided | | | Renewed in January of | | | President of Byline Bancorp, President & CEO of Byline Bank | | | Board of Directors(1) | |
| | | | | | | | Automatic 1-year extension unless notification is provided | | | N/A | | | Chief Financial Officer and Treasurer | | | CEO of Byline Bancorp | | ||||
Thomas S. Abraham | | | Byline Bank | | | 12/16/2019 | | | 3-year anniversary from acceptance of Agreement | | | Automatic 1-year extension unless notification is provided | | | N/A | | | President of the Small Business Capital | | | CEO of Byline Bank(1) | |
Named Executive Officer | | | Annual Base Salary(1) | | | Participation in Executive Incentive Plan (“EIP”) | | | EIP Annual Bonus Opportunity(2) | | | Participation in Long Term Incentive program (“LTIP”)(2) | | ||||
Roberto R. Herencia | | | | $ | 825,000 | | | | | Yes | | | up to 75% of annual base salary | | | Yes | |
Alberto J. Paracchini | | | | $ | 350,000 | | | | | Yes | | | up to 75% of annual base salary | | | Yes | |
Lindsay Corby | | | | $ | 330,000 | | | | | Yes | | | 40% of annual base salary | | | Yes | |
Thomas Abraham | | | | $ | 400,000 | | | | | Yes | | | 30% of annual base salary | | | Yes | |
Named Executive Officer | | | Annual Base Salary(1) | | | Participation in Executive Incentive Plan (“EIP”) | | | EIP Annual Bonus Opportunity(2) | | | Participation in Long Term Incentive program (“LTIP”)(2) | |
Roberto R. Herencia | | | $825,000 | | | Yes | | | up to 75% of annual base salary | | | Yes | |
Alberto J. Paracchini | | | $615,000 | | | Yes | | | up to 75% of annual base salary | | | Yes | |
Thomas J. Bell III | | | $415,000 | | | Yes | | | 45% of annual base salary | | | Yes | |
Thomas S. Abraham | | | $420,000 | | | Yes | | | 30% of annual base salary | | | Yes | |
Named Executive Officer | | | Termination due to Death or Disability(1) | | | Termination without “cause” not due to disability or executive resigns for “good reason” | | | Termination without “cause”(2) and not due to disability or executive resigns for “good reason”(3) following a “change in control” | | | Payment for “special change in control” | | ||||||||||||
Roberto R. Herencia | | | (1) | | | (1) any Unpaid EIP; (2) a Pro Rata Bonus; and (3) an amount to be paid in cash over 24 months following termination equal to the sum of (i) 2.0 times the sum of annual base salary and the target EIP amount(6) and (ii) the Applicable COBRA Amount(7) | | | (1) any Unpaid EIP; (2) a Pro Rata Bonus; and (3) an amount equal to the sum of (i) 2.99 times the sum of annual base salary and the target EIP amount(6) and (ii) the Applicable COBRA Amount(7) | | | N/A | |
Named Executive Officer | | | Termination due to Death or Disability(1) | | | Termination without “cause”(2) and not due to disability or executive resigns for “good reason” | | | Termination without “cause”(2) and not due to disability or executive resigns for “good reason”(3) following a “change in control”(4) | | | Payment for “special change in control”(5) | | |||
Alberto J. Paracchini | | | (1) | | | (1) | | | (1) any Unpaid EIP; (2) a Pro Rata Bonus; and (3) an amount equal to 1.5 times the sum of (i) annual base salary and (ii) the higher of the two immediately preceding completed fiscal years’ bonuses and (c) the COBRA Benefits(8) | | | (1) an amount in cash equal to (i) 1.5 times the sum of (a) annual base salary and (b) the higher of the two immediately preceding completed fiscal years’ earned bonuses, | | |||
Thomas J. Bell III | | | (1) any | |||||||||||||
| | (1) | | | (1) | | | N/A | |
Thomas S. Abraham | | | (1) | | | (1) | | | (1) any Unpaid EIP; (2) a Pro Rata Bonus; and (3) an amount in cash equal to 1.0 times the sum of (i) annual base salary, (ii) the higher of the two immediately preceding completed fiscal years’ earned cash bonuses | | | N/A | |
Termination Events | | | Name | | | Cash Severance Payments(1) | | | COBRA Continuation(2) | | | Accelerated Vesting of Equity Awards(3) | | | Total Payments | | ||||||||||||||||
Termination without “cause” and not due to disability or executive resigns for “good reason” | | | Roberto R. Herencia | | | | $ | 3,506,250 | | | | | | $ | 27,509 | | | | | | $ | 1,435,464 | | | | | | $ | 4,969,223 | | | |
| Alberto J. Paracchini | | | | $ | 1,260,750 | | | | | | $ | 64,800 | | | | | | $ | 926,150 | | | | | | $ | 2,251,701 | | | | ||
| Thomas J. Bell III(5) | | | | $ | 250,000 | | | | | | $ | 0 | | | | | | $ | 181,899 | | | | | | $ | 431,899 | | | | ||
| Brogan M. Ptacin | | | | $ | 500,000 | | | | | | $ | 0 | | | | | | $ | 334,030 | | | | | | $ | 834,030 | | | | ||
| Thomas S. Abraham | | | | $ | 609,000 | | | | | | $ | 23,789 | | | | | | $ | 300,700 | | | | | | $ | 933,490 | | | | ||
Termination without “cause” and not due to disability or executive resigns for “good reason” following a “change in control” | | | Roberto R. Herencia | | | | $ | 4,935,563 | | | | | | $ | 27,509 | | | | | | $ | 1,435,464 | | | | | | $ | 6,398,536 | | | |
| Alberto J. Paracchini | | | | $ | 2,021,813 | | | | | | $ | 43,200 | | | | | | $ | 926,150 | | | | | | $ | 2,991,163 | | | | ||
| Thomas J. Bell III(5) | | | | $ | 250,000 | | | | | | $ | 0 | | | | | | $ | 181,899 | | | | | | $ | 431,899 | | | | ||
| Brogan M. Ptacin | | | | $ | 500,000 | | | | | | $ | 0 | | | | | | $ | 334,030 | | | | | | $ | 834,030 | | | | ||
| Thomas S. Abraham | | | | $ | 869,475 | | | | | | $ | 23,789 | | | | | | $ | 300,700 | | | | | | $ | 1,193,964 | | | | ||
Payment for “special change in control” | | | Roberto R. Herencia | | | | | | | | | | | | | | | | | | | | | | | | | | N/A | | | |
| Alberto J. Paracchini | | | | $ | 1,683,563 | | | | | | | | | | | | | | | | | | | | $ | 1,683,563 | | | | ||
| Thomas J. Bell III(5) | | | | | | | | | | | | | | | | | | | | | | | | | | N/A | | | | ||
| Brogan M. Ptacin | | | | | | | | | | | | | | | | | | | | | | | | | | N/A | | | | ||
| Thomas S. Abraham | | | | | | | | | | | | | | | | | | | | | | | | | | N/A | | | | ||
Termination due to Death or Disability | | | Roberto R. Herencia(4) | | | | $ | 1,568,750 | | | | | | | | | | | | | $ | 1,435,464 | | | | | | $ | 3,004,214 | | | |
| Alberto J. Paracchini(4) | | | | $ | 1,288,250 | | | | | | | | | | | | | $ | 926,150 | | | | | | $ | 2,214,400 | | | | ||
| Thomas J. Bell III(4)(5) | | | | $ | 200,000 | | | | | | | | | | | | | $ | 181,899 | | | | | | $ | 381,899 | | | | ||
| Brogan M. Ptacin(4) | | | | $ | 200,000 | | | | | | | | | | | | | $ | 334,030 | | | | | | $ | 534,030 | | | | ||
| Thomas S. Abraham(4) | | | | $ | 389,000 | | | | | | | | | | | | | $ | 300,700 | | | | | | $ | 689,700 | | | |
Year | | | Summary Compensation Table Total for CEO Roberto Herencia(1) $ | | | Summary Compensation Table Total for CEO Alberto Paracchini(1) $ | | | Compensation Actually Paid to CEO Roberto Herencia(2) $ | | | Compensation Actually Paid to CEO Alberto Paracchini(2) $ | | | Average Summary Compensation Table Total for Non-CEO NEOs(1) $ | | | Average Compensation Actually Paid to Non-CEO NEOs(2) $ | | | Value of Initial Fixed $100 Invested on 12/31/2019: | | | Byline Net Income(5) (in millions) $ | | | ROA(6) % | | |||||||||||||||||||||||||||||||||||||||||||
| Byline (TSR)(3) $ | | | Peer Group (TSR)(4) $ | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | | | | | 2,264,159 | | | | | | | 0 | | | | | | | 1,904,667 | | | | | | | 0 | | | | | | | 817,971 | | | | | | | 585,756 | | | | | | | 121.93 | | | | | | | 106.02 | | | | | | | 88.0 | | | | | | | 1.24 | | | |
2021 | | | | | 3,849,983 | | | | | | | 1,520,807 | | | | | | | 4,847,300 | | | | | | | 1,970,303 | | | | | | | 749,555 | | | | | | | 1,084,697 | | | | | | | 143.01 | | | | | | | 117.08 | | | | | | | 92.8 | | | | | | | 1.42 | | | |
2020 | | | | | 0 | | | | | | | 1,157,566 | | | | | | | 0 | | | | | | | 962,066 | | | | | | | 645,985 | | | | | | | 670,329 | | | | | | | 79.76 | | | | | | | 87.90 | | | | | | | 37.5 | | | | | | | 0.57 | | | |
| | | 2022 | | | 2021 | | | 2020 | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | Roberto Herencia | | | Alberto Paracchini | | | Average Non- CEO NEOs | | | Roberto Herencia | | | Alberto Paracchini | | | Average Non- CEO NEOs | | | Roberto Herencia | | | Alberto Paracchini | | | Average Non- CEO NEOs | | ||||||||||||||||||||||||||||||||||||
Total Compensation from Summary Compensation Table | | | | $ | 2,264,159 | | | | | | | N/A | | | | | | $ | 817,971 | | | | | | $ | 3,849,983 | | | | | | $ | 1,520,807 | | | | | | $ | 749,555 | | | | | | | N/A | | | | | | $ | 1,157,566 | | | | | | $ | 645,985 | | | |
Amount deducted for aggregate change in actuarial present value from SCT | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | |
Amount deducted for grant date values in the SCT | | | | $ | 701,274 | | | | | | | N/A | | | | | | $ | 198,176 | | | | | | $ | 2,062,509 | | | | | | $ | 369,037 | | | | | | $ | 153,624 | | | | | | | N/A | | | | | | $ | 282,520 | | | | | | $ | 120,855 | | | |
Amount added for current year service cost | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | |
Amount added for prior service cost impacting current year | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | |
Amount added for year-end fair value of unvested awards granted in the current year | | | | $ | 613,647 | | | | | | $ | — | | | | | | $ | 132,981 | | | | | | $ | 3,059,826 | | | | | | $ | 532,503 | | | | | | $ | 223,069 | | | | | | $ | — | | | | | | $ | 252,110 | | | | | | $ | 215,518 | | | |
Amount added for year-over-year difference of year-end fair values for unvested awards granted in prior years | | | | $ | (267,121) | | | | | | $ | — | | | | | | $ | (49,930) | | | | | | $ | — | | | | | | $ | 263,030 | | | | | | $ | 239,674 | | | | | | $ | — | | | | | | $ | (61,715) | | | | | | $ | (33,258) | | | |
Amount added for fair values at vest date for awards granted and vested in current year | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | |
Amount added for difference in fair values between prior year-end fair values and vest date fair values for awards granted in prior years | | | | $ | (4,744) | | | | | | $ | — | | | | | | $ | (3,518) | | | | | | $ | — | | | | | | $ | 23,000 | | | | | | $ | 26,023 | | | | | | $ | — | | | | | | $ | (103,375) | | | | | | $ | (37,061) | | | |
Amount deducted for forfeitures during current year equal to prior year-end fair value | | | | $ | — | | | | | | $ | — | | | | | | $ | (113,573) | | | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | |
Amount added for dividends or dividend equivalents not otherwise included in the total compensation | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | | | | $ | — | | | |
Total Adjustments | | | | $ | 341,782 | | | | | | $ | — | | | | | | $ | (34,039) | | | | | | $ | 3,059,826 | | | | | | $ | 818,533 | | | | | | $ | 488,766 | | | | | | $ | — | | | | | | $ | 87,020 | | | | | | $ | 145,199 | | | |
Compensation Actually Paid (as calculated) | | | | $ | 1,904,667 | | | | | | | N/A | | | | | | $ | 585,756 | | | | | | $ | 4,847,300 | | | | | | $ | 1,970,303 | | | | | | $ | 1,084,697 | | | | | | | N/A | | | | | | $ | 962,066 | | | | | | $ | 670,329 | | | |
| List of Performance Measures | |
| Return on Assets* | |
| Net Income | |
| Total Shareholder Return (TSR) | |
By Order of the Board of Directors, Roberto R. Herencia Executive Chairman of the Board and Chief Executive Officer April 24, 2023 | |||||