Form 4: Stellar Bancorp Director John Beckworth Reports Acquisition and Disposal of Common Stock

Director John Beckworth reports acquiring 2,660 shares of Stellar Bancorp common stock and disposing of 9,456 shares held indirectly through a trust.

Summary

• On June 10, 2024, John Beckworth, a director of Stellar Bancorp, Inc., reported a transaction involving the company's common stock.
• Beckworth acquired 2,660 shares of common stock at a price of $0.
• These shares are restricted and will vest on May 1, 2025, contingent upon continued service as a director.
• Beckworth also reported the disposal of 9,456 shares of common stock held indirectly through the Laura Hobby Beckworth 1999 WPH Trust.
• Following these transactions, Beckworth directly owns 103,991 shares of Stellar Bancorp common stock and indirectly owns 94,560 shares through the trust.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders (directors, officers, and principal stockholders) of publicly traded companies, providing transparency into their transactions in the company's stock.

Key Dates