Form 4: Stellar Bancorp Director Michael A. Havard Acquires Restricted Shares

Director Michael A. Havard acquired 2,660 restricted shares of Stellar Bancorp, Inc. common stock on June 10, 2024, which will vest on May 1, 2025, subject to continued service.

Summary

• On June 10, 2024, Michael A. Havard, a director of Stellar Bancorp, Inc., acquired 2,660 shares of common stock.
• These shares are restricted and will vest on May 1, 2025, contingent upon continued service as a director.
• Following the transaction, Havard directly owns 64,883 shares of Stellar Bancorp, Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard transaction of restricted share acquisition by a company director, which is generally viewed as a positive sign of alignment with company goals.

Positives

• The acquisition of restricted shares by a director signals confidence in the company's future.

Future Outlook

The vesting of the restricted shares on May 1, 2025, is contingent upon Michael A. Havard's continued service as a director.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities, providing investors with insights into the actions of company insiders.

Stakeholder Impact

• The acquisition of restricted shares by a director can positively influence shareholder confidence.

Key Dates