Tombar Tymothi O. 4
4 · Stellar Bancorp, Inc. · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
Stellar Bancorp (STEL) Director Tombar Tymothi O. Disposes 4,890 Shares
What Happened
- Tombar Tymothi O., a director of Stellar Bancorp, disposed of 4,890 shares of Stellar Bancorp (STEL) on July 1, 2026. The Form 4 lists the disposition as to the issuer (code D) at $0.00 per share, because the shares were cancelled and converted as part of a merger.
- Under the merger terms, each STEL share was converted into 0.3803 shares of Prosperity Bancshares plus $11.36 in cash. For 4,890 STEL shares that equals approximately 1,859.67 Prosperity shares and $55,550.40 in cash.
Key Details
- Transaction date: 2026-07-01; Transaction code: D (Disposition to issuer).
- Per-share merger consideration: 0.3803 Prosperity shares + $11.36 cash.
- Total received (approx.): 1,859.67 Prosperity shares and $55,550.40 cash for 4,890 STEL shares.
- STEL shares owned after transaction: 0 (all outstanding STEL shares were cancelled at the Effective Time).
- Footnote: The disposition reflects the effective conversion under the Agreement and Plan of Merger dated Jan 27, 2026 (see footnote F1).
- Filing timeliness: Reported with the period date 2026-07-01 (no late filing indicated).
Context
- This was not an open-market sale; it is the result of a corporate merger where Stellar shares were cancelled and converted into Prosperity stock plus cash—reported as a disposition to the issuer.
- Such merger-driven dispositions reflect deal mechanics rather than a director’s trading decision and should be interpreted accordingly.
Insider Transaction Report
Form 4Exit
Tombar Tymothi O.
Director
Transactions
- Disposition to Issuer
Common Stock
[F1]2026-07-01−4,890→ 0 total
Footnotes (1)
- [F1]On July 1, 2026 (the "Effective Time"), upon consummation of the transactions contemplated by the Agreement and Plan of Merger (the "Merger Agreement"), dated as of January 27, 2026, by and between Prosperity Bancshares, Inc., a Texas corporation ("Prosperity") and Stellar Bancorp, Inc., a Texas corporation (the "Company"), and subject to the terms and conditions set forth in the Merger Agreement, each share of the Company's common stock, par value $0.01 per share, ("Company Common Stock") outstanding immediately prior to the Effective Time was cancelled and converted into the right to receive (i) 0.3803 shares of common stock (the "Exchange Ratio"), par value $1.00 per share, of Prosperity ("Prosperity Common Stock") and (ii) an amount in cash equal to $11.36 (the "Per Share Cash Merger Consideration") ((i) and (ii) together, the "Per Share Merger Consideration").
Signature
/s/ Justin M. Long, attorney-in-fact|2026-07-01