Bellows Laura D. 4
4 · Stellar Bancorp, Inc. · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
Stellar Bancorp (STEL) Director Laura D. Bellows Transfers 2,230 Shares
What Happened Laura D. Bellows, a director of Stellar Bancorp, Inc. (STEL), recorded a disposition to the issuer of 2,230 shares on 2026-07-01. The Form 4 shows the shares disposed at $0.00 because the shares were cancelled and converted under a merger: each Stellar share was converted into 0.3803 shares of Prosperity Bancshares common stock plus $11.36 in cash. For the 2,230 shares, that equates to $25,332.80 in cash and about 848.07 Prosperity shares (2,230 × 0.3803).
Key Details
- Transaction date: 2026-07-01 (Disposition to issuer, code D); Form 4 filed same day.
- Form 4 shows price per share: $0.00 (reflects conversion/cancellation, not an open-market sale).
- Merger consideration per share (Footnote F1): 0.3803 Prosperity shares + $11.36 cash.
- Total consideration for 2,230 shares: $25,332.80 cash + ~848.07 Prosperity shares.
- Shares owned after transaction: not specified in the filing.
- No 10b5-1, tax-withholding, or late-filing notes were reported.
Context This was a corporate merger-related conversion (Stellar merged into Prosperity) rather than an open-market sale by the insider. The filing documents the mechanical conversion of Stellar shares into cash and Prosperity stock under the merger agreement and should be read as a transaction tied to that corporate event, not necessarily an indicator of the director’s market view.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1]2026-07-01−2,230→ 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").