Franklin Robert R Jr 4

What Happened
Franklin Robert R Jr, CEO of Stellar Bancorp (STEL), had 1,200 shares of common stock withheld on March 1, 2026 to satisfy tax withholding related to the vesting of restricted shares. The shares were valued at $37.66 each, for a total of $45,192. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-03-01; filing date: 2026-03-03 (appears filed timely).
• Price per share: $37.66; total value withheld: $45,192.
• Transaction type/code: F — shares withheld to satisfy tax liability (disposition).
• Footnote: F1 — "Represents shares withheld to satisfy tax liability for vesting of restricted shares of Common Stock previously reported."
• Shares owned after transaction: not specified in the supplied filing details.

Context
Tax withholding on vested restricted stock is a routine administrative disposition (often implemented as a "net share settlement" or withholding) and does not necessarily indicate buying or selling sentiment by the insider. This was not an open-market sale or purchase; it simply satisfied tax obligations associated with previously granted/vested restricted shares.