Form 4: Stellar Bancorp Executive Chairman Steven F. Retzloff Reports Share Transaction

Steven F. Retzloff, Executive Chairman of Stellar Bancorp, reports disposition of shares to cover tax liability related to vesting of restricted stock.

Summary

• On October 1, 2024, Steven F. Retzloff, the Executive Chairman of Stellar Bancorp, Inc. (STEL), reported a transaction involving the disposition of 918 shares of common stock.
• The shares were disposed of to satisfy tax liability related to the vesting of restricted shares.
• The transaction was executed at a price of $24.89 per share.
• Following the transaction, Retzloff directly owns 139,112 shares.
• Retzloff also 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 routine regulatory filing detailing a standard transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities, allowing investors to monitor the actions of company executives and directors.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is related to tax obligations of an executive and does not represent a significant change in ownership.

Key Dates