Form 4: Stellar Bancorp Director Reaud Acquires Shares and Reports Holdings

Director Reagan A. Reaud reports acquisition of Stellar Bancorp shares, including restricted stock, and discloses holdings through Reaud Holdings LLC.

Summary

• On June 10, 2024, Reagan A. Reaud, 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.
• The acquisition was made at a price of $0.
• Following the transaction, Reaud directly owns 10,533 shares of Stellar Bancorp common stock.
• Reaud also indirectly owns 500 shares through Reaud Holdings LLC, of which he owns 100%.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock transactions by a company director. The acquisition of shares can be seen as a positive signal, but it's not a major event.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Future Outlook

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

Industry Context

This filing is a routine disclosure of a director's stock transactions, which is common in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the director's holdings and alignment with the company's interests.

Key Dates