Form 4: Stellar Bancorp Director John E. Williams Jr. Reports Stock Transactions
SEC Form 4 Filing
Director John E. Williams Jr. reports acquisition of Stellar Bancorp stock and disposal of shares held by spouse.
Summary
- On June 10, 2024, John E. Williams Jr., a director of Stellar Bancorp, Inc., reported acquiring 2,660 shares of common stock.
- These shares were acquired at a price of $0.
- The report also indicates the disposal of 500 shares of common stock held indirectly by his spouse.
- Following these transactions, Williams directly owns 1,283,086 shares of Stellar Bancorp.
- The acquired shares are restricted and will vest on May 1, 2025, contingent upon continued service as a director.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions by a company director, with neutral sentiment.
Future Outlook
The acquired shares are subject to vesting conditions based on continued service as a director until May 1, 2025.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of a company insider.
Key Dates
| Date | Description |
|---|---|
| 06/10/2024 | Date of stock acquisition and disposition. |
| 05/01/2025 | Vesting date for restricted shares. |
| 06/12/2024 | Date of report signature. |
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