Form 4: Stellar Bancorp Executive VP, CCO Reports Tax Withholding Transaction
SEC Form 4
Joe F. West, Senior Executive VP and CCO of Stellar Bancorp, Inc., reports a transaction involving the withholding of shares to cover tax obligations.
Summary
- On March 15, 2025, Joe F. West, Senior Executive VP and CCO of Stellar Bancorp, Inc., had 676 shares of common stock withheld to cover tax obligations.
- The price per share for the transaction was $27.64.
- Following the transaction, West directly owns 98,176 shares of Stellar Bancorp, Inc.
Sentiment
Score: 7
Explanation: The sentiment is neutral as it reports a standard tax-related transaction. There is no indication of positive or negative performance, just routine compliance.
Industry Context
This is a routine disclosure related to insider transactions, specifically the withholding of shares for tax purposes, which is a common practice among corporate executives.
Key Dates
| Date | Description |
|---|---|
| 03/15/2025 | Date of the transaction where shares were withheld for tax obligations. |
| 03/18/2025 | Date of signature for the Form 4 filing. |
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