Form 4: Stellar Bancorp CEO Sells Shares for Tax Obligations

Stellar Bancorp's CEO, Robert R. Franklin Jr., disposed of 3,837 shares of common stock to cover tax liabilities related to restricted stock vesting.

Summary

• Robert R. Franklin Jr., Chief Executive Officer and Director of Stellar Bancorp, Inc. (STEL), reported a transaction.
• On March 15, 2026, Franklin disposed of 3,837 shares of Stellar Bancorp Common Stock.
• The shares were disposed of at a price of $35.51 per share.
• This transaction represents shares withheld to satisfy tax liability for the vesting of previously reported restricted shares.
• Following this transaction, Franklin beneficially owns 418,843 shares of Common Stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. It is a routine transaction for tax purposes related to executive compensation and does not reflect a discretionary sale or a change in company fundamentals.

Negatives

• The CEO's direct beneficial ownership of common stock decreased by 3,837 shares.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those related to tax withholdings upon restricted stock vesting, are common and generally do not indicate a change in management's outlook on the company's prospects. Such transactions are often pre-scheduled under Rule 10b5-1 plans.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes, not indicative of a change in confidence.

Key Dates

Keywords

Stellar Bancorp, STEL, Insider Transaction, Form 4, CEO, Stock Sale, Tax Withholding, Restricted Stock, Executive Compensation