Stellar Bancorp (STEL) CFO granted new stock awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Egge Paul P reported acquisition or exercise transactions in this Form 4 filing.
Stellar Bancorp, Inc. Senior Executive VP and CFO Paul P. Egge reported two stock award grants totaling 9,142 shares of common stock on March 1, 2026, at a stated price of $0.00 per share. Following these grants, he directly owned 69,587 common shares.
The filing notes that the awards include restricted shares that vest in approximately equal installments on March 1, 2027, 2028 and 2029, conditioned on continued employment. It also describes performance share units that are subject to both time-based and performance-based vesting conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Egge Paul P
Role
Senior Executive VP, CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,571 | $0.00 | -- |
| Grant/Award | Common Stock | 4,571 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 65,016 shares (Direct)
Footnotes (1)
- Represents restricted shares of common stock, which vest in approximately equal installments on March 1, 2027, 2028 and 2029, subject to continued employment with the issuer on such date. Represents award of performance share units subject to time and performance vesting conditions.
FAQ
What did Stellar Bancorp (STEL) CFO Paul Egge report in this Form 4?
Stellar Bancorp CFO Paul P. Egge reported receiving two equity awards totaling 9,142 shares of common stock on March 1, 2026. These awards were granted at no cash cost and increased his directly owned stake to 69,587 common shares.
Were the Stellar Bancorp (STEL) CFO awards immediately vested?
The awards were not fully vested immediately. Restricted shares vest in approximately equal installments on March 1 of 2027, 2028 and 2029, contingent on continued employment, while performance share units are subject to both time-based and performance-based vesting conditions.
What types of equity awards did the Stellar Bancorp (STEL) CFO receive?
The filing describes restricted shares of common stock that vest over three years and performance share units subject to time and performance vesting conditions. Both awards are structured as long-term incentive compensation tied to continued service and performance.
What is Paul Egge’s role at Stellar Bancorp (STEL) according to this filing?
Paul P. Egge is identified as Senior Executive Vice President and Chief Financial Officer of Stellar Bancorp, Inc. His position explains why he receives stock-based awards as part of his executive compensation package tied to service and performance.