Stellar Bancorp (STEL) President receives new restricted stock and PSU awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stellar Bancorp, Inc. President Ramon A. Vitulli III reported equity compensation awards of common stock. On March 1, 2026, he acquired two separate awards of 6,041 shares each at a price of $0.00 per share, reflecting stock-based compensation rather than open-market buying.
One award represents restricted shares of common stock that vest in approximately equal installments on March 1, 2027, 2028 and 2029, subject to his continued employment on each vesting date. The other award consists of performance share units that are subject to both time-based and performance vesting conditions. Following these awards, his directly held common stock increased to 120,998 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Vitulli, III Ramon A.
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,041 | $0.00 | -- |
| Grant/Award | Common Stock | 6,041 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 114,957 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 insider transaction did Stellar Bancorp (STEL) report for Ramon A. Vitulli III?
Stellar Bancorp’s President Ramon A. Vitulli III reported two equity compensation awards of 6,041 common shares each on March 1, 2026. These were stock-based grants at $0.00 per share, not open-market purchases, and increased his directly held common stock position.
What transaction code was used for the STEL President’s equity awards?
The filing uses transaction code “A,” indicating a grant, award, or other acquisition. This confirms the 6,041-share entries for Ramon A. Vitulli III are compensation-related equity awards, not discretionary open-market purchases or sales of Stellar Bancorp common stock.