Franklin Robert R Jr 4

What Happened Franklin Robert R Jr, CEO of Stellar Bancorp (STEL), received two equity awards on March 1, 2026 totaling 27,595 shares: 11,038 restricted shares and 16,557 performance share units. Both grants were recorded at $0.00 per share (award/compensation grants), meaning no cash was paid by the insider for these shares. These are compensation awards, not open-market purchases or sales.

Key Details

• Transaction date: 2026-03-01; Form 4 filed: 2026-03-03 (timely filed within the standard reporting window).
• Awards: 11,038 restricted shares (code A) and 16,557 performance share units (code A); combined = 27,595 shares.
• Price: $0.00 per share (award/grant).
• Shares owned after the transaction: not specified in the provided data.
• Footnotes:
  • F1: The 11,038 restricted shares vest in approximately equal installments on March 1 of 2027, 2028 and 2029, subject to continued employment.
  • F2: The 16,557 performance share units are subject to both time and performance vesting conditions.
• Transaction type: Award/Grant (compensation), not a market trade.

Context These awards are part of executive compensation and will vest over time and/or based on performance, so they do not reflect an immediate buy or sell decision by the CEO. For retail investors, awards can increase potential future dilution if/when they vest and convert to outstanding shares; they are not an immediate cash-value transaction.