Form 4: Stellar Bancorp Executive VP Joe F. West Reports Stock Transaction
SEC Form 4 Filing
Joe F. West, Senior Executive VP and CCO of Stellar Bancorp, Inc., reports the withholding of shares to cover tax liabilities related to vesting restricted stock.
Summary
- On October 1, 2024, Joe F. West, a Senior Executive VP and CCO of Stellar Bancorp, Inc. [STEL], had shares withheld to cover tax liabilities.
- A total of 1,032 shares of common stock were withheld at a price of $24.89 per share.
- Following the transaction, West directly owns 95,197 shares of Stellar Bancorp, Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard tax-related transaction, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax liabilities.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of stock transaction (shares withheld for tax liability). |
| 11/08/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.