Form 4: Stellar Bancorp CFO Paul Egge Sells Shares in Open Market Transactions
SEC Form 4
Paul Egge, Senior Executive VP and CFO of Stellar Bancorp, recently sold shares of the company's common stock in two separate transactions.
Summary
- Paul Egge, the Senior Executive VP and CFO of Stellar Bancorp, sold 326 shares of common stock on October 29, 2024, at a price of $27.5 per share.
- He then sold 6,404 shares on October 30, 2024, at $28 per share.
- Following these transactions, Egge directly owns 60,155 shares of Stellar Bancorp.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock sales by an insider. It doesn't inherently convey positive or negative sentiment, but the market may interpret insider sales as slightly negative.
Industry Context
Form 4 filings are a routine part of the US stock market, and are required by the SEC to ensure transparency of trading by corporate insiders.
Stakeholder Impact
- Shareholders may react to the news of the CFO selling shares, although the impact is likely to be minimal given the relatively small number of shares sold compared to the total outstanding.
Key Dates
| Date | Description |
|---|---|
| 10/29/2024 | Paul Egge sold 326 shares of Stellar Bancorp common stock at $27.5 per share. |
| 10/30/2024 | Paul Egge sold 6,404 shares of Stellar Bancorp common stock at $28 per share. |
| 10/31/2024 | Date of signature for the Form 4 filing. |
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