Form 4: Stellar Bancorp Executive Chairman Steven F. Retzloff Forfeits Performance Shares

Steven F. Retzloff, Executive Chairman of Stellar Bancorp, reports the forfeiture of 10,180 performance shares on June 1, 2024, and a disposition of shares on March 15, 2025, due to tax obligations.

Summary

• On June 1, 2024, Steven F. Retzloff, the Executive Chairman of Stellar Bancorp, forfeited 10,180 common stock shares.
• These shares were performance shares that were eligible to vest based on certain financial performance objectives.
• On March 15, 2025, there was a disposition of 1,181 shares of common stock at a price of $27.64.
• This disposition was related to tax obligations.
• Following these transactions, Retzloff directly owns 132,969 shares of Stellar Bancorp common stock.
• Additionally, he indirectly owns 25,531 shares through Retzloff Industries, Inc., 378,240 shares through Retzloff Holdings, LTD., and 12,598 shares through SF Retzloff Family Limited Partnership, LTD.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing share transactions. The forfeiture of shares could be seen as slightly negative, but overall, it's a neutral event.

Negatives

• The forfeiture of 10,180 performance shares suggests that certain financial performance objectives were not met.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company insider, as required by the SEC. It provides transparency to investors regarding the transactions of company executives.

Stakeholder Impact

• Shareholders are informed about changes in insider ownership, which can influence investor sentiment.

Key Dates