Form 4: Stellar Bancorp CFO Paul Egge Reports Stock Transaction
SEC Form 4 Filing
Paul Egge, CFO of Stellar Bancorp, reports the withholding of shares to cover tax liabilities related to vesting restricted stock.
Summary
- On October 1, 2024, Paul Egge, Senior Executive VP and CFO of Stellar Bancorp, Inc. [STEL], had 1,513 shares of common stock withheld to cover tax liabilities.
- This transaction occurred at a price of $24.89 per share.
- Following the transaction, Egge directly owns 58,642 shares of Stellar Bancorp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding procedure related to vested stock.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine tax withholding.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of stock transaction (tax liability withholding) |
| 11/08/2024 | Date of signature on the Form 4 filing |
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