Duplantier Jon-Al 4
4 · Stellar Bancorp, Inc. · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
Stellar Bancorp (STEL) Director Jon‑Al Duplantier Disposes 10,508 Shares
What Happened
Jon‑Al Duplantier, a director of Stellar Bancorp, reported a disposition of 10,508 shares of Stellar common stock on July 1, 2026. The Form 4 shows a disposition to the issuer (code D) with a $0.00 per‑share price because the shares were cancelled in connection with a merger. Under the merger terms, each STEL share was converted into 0.3803 shares of Prosperity Bancshares common stock and $11.36 in cash. For the 10,508 shares, that equals approximately 3,995.15 Prosperity shares plus $119,370.88 in cash.
Key Details
- Transaction date: 2026-07-01 (Effective Time of the merger).
- Reported Form 4 price: $0.00 per share (disposition to issuer); merger consideration: 0.3803 Prosperity shares + $11.36 cash per STEL share.
- Aggregate consideration received (approx.): $119,370.88 cash and ~3,995.15 Prosperity shares.
- Shares owned after the transaction: not specified in this Form 4.
- Footnote: Conversion and cash payment per the January 27, 2026 Merger Agreement between Stellar and Prosperity (see F1).
- Timeliness: Filing date and period of report are 2026-07-01; no late filing indicated.
Context
This was a corporate merger exchange (shares cancelled and converted into merger consideration), not an open‑market sale or purchase by the insider. Such dispositions reflect the merger terms rather than a discretionary insider trade and should be interpreted as a transaction resulting from the company combination rather than a standalone signal of insider sentiment.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1]2026-07-01−10,508→ 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").