Long Justin M 4
Research Summary
AI-generated summary
Stellar Bancorp (STEL) GC Justin Long Withholds 796 Shares
What Happened Justin M. Long, Senior EVP, General Counsel & Secretary of Stellar Bancorp, had 796 shares of common stock withheld to satisfy tax withholding related to the vesting of previously granted restricted shares. The withheld shares were valued at $35.51 each, totaling approximately $28,266. This was a tax-withholding disposition rather than an open-market sale or purchase.
Key Details
- Transaction date: 2026-03-15; Form 4 filed: 2026-03-17 (filed within required window)
- Action: Shares withheld to satisfy tax liability (transaction code F)
- Amount: 796 shares withheld at $35.51 per share; total value reported $28,266
- Shares owned after transaction: Not specified in the filing
- Footnote: Represents shares withheld to satisfy tax liability for vesting of restricted shares previously reported
Context Tax withholding on vesting is a routine administrative step and does not necessarily indicate the insider is selling shares for investment reasons. This is a disposal only to cover taxes on restricted stock vesting (not a market sale or a new purchase).