Form 4: Stellar Bancorp Executive Justin M. Long Reports Stock Disposal
SEC Form 4 Filing
Justin M. Long, SEVP, GC & Secretary of Stellar Bancorp, Inc., reported disposing of 796 shares of common stock on March 15, 2025, to cover tax obligations.
Summary
- On March 18, 2025, Justin M. Long, SEVP, GC & Secretary of Stellar Bancorp, Inc. filed a Form 4 with the SEC.
- The report details a transaction on March 15, 2025, where 796 shares of common stock were disposed of at a price of $27.64.
- Following the transaction, Long directly owns 49,435 shares of Stellar Bancorp, Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing a stock disposal, likely for tax purposes. It doesn't inherently indicate positive or negative sentiment towards the company's prospects.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive sentiment and potential alignment with company performance.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it represents a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/15/2025 | Date of stock disposal transaction. |
| 03/18/2025 | Date of Form 4 filing. |
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