Earnings Feed
Start Free
Stellar Bancorp, Inc.·4

Mar 3, 5:35 PM ET

Sirkel Jason D. 4

Research Summary

AI-generated summary

Updated

Stellar Bancorp (STEL) CBO Jason Sirkel Receives Stock Award

What Happened
Jason D. Sirkel, Chief Banking Officer of Stellar Bancorp (STEL), received two awards on March 1, 2026: 2,328 restricted shares (RSUs) and 2,328 performance share units (PSUs). Both awards were recorded at $0.00 (no cash paid). Total awarded shares: 4,656. These are compensation grants (transaction code A), not open-market purchases or sales.

Key Details

  • Transaction date: 2026-03-01. Form filed: 2026-03-03 (appears timely).
  • Awards: 2,328 restricted shares (RSU) and 2,328 performance share units (PSU); both reported at $0.00.
  • Shares owned after transaction: not specified in the provided filing.
  • Footnotes:
    • F1: RSUs vest in approximately equal installments on Mar 1 of 2027, 2028 and 2029, subject to continued employment.
    • F2: PSUs are subject to both time and performance vesting conditions.
  • Transaction code A = award/grant; not a purchase (P) or sale (S).

Context
These awards are standard compensation grants. RSUs vest over defined future dates; PSUs require meeting performance and time-based criteria before converting into shares. Such grants are common for executives and reflect compensation policy rather than an immediate market trade.