Egge Paul P 4
Research Summary
AI-generated summary
Stellar Bancorp (STEL) CFO Paul P. Egge Sells 993 Shares for Taxes
What Happened
- Paul P. Egge, Senior Executive Vice President and CFO of Stellar Bancorp (STEL), had 993 shares of common stock disposed/withheld to satisfy tax withholding tied to the vesting of previously granted restricted shares. The shares were valued at $35.51 each, for a total of $35,261.
Key Details
- Transaction date: 2026-03-15; Filing date: 2026-03-17 (appears to be filed timely).
- Price per share: $35.51; Shares involved: 993; Total value: $35,261.
- Shares owned after transaction: Not disclosed in the provided filing.
- Footnote: F1 — "Represents shares withheld to satisfy tax liability for vesting of restricted shares of Common Stock previously reported."
- Transaction code: F (tax withholding to cover tax liability on vested shares), reported as a disposition.
Context
- This was a tax-withholding disposal related to vesting of restricted stock, not an open-market sale for investment reasons. Such withholdings are routine and do not, by themselves, imply a change in insider sentiment about the company.