Franklin Robert R Jr 4

What Happened Robert R. Franklin Jr, CEO of Stellar Bancorp (STEL), disposed of 3,837 shares on 2026-03-15 at $35.51 per share, totaling about $136,252. This disposition was a tax-withholding event tied to the vesting of previously granted restricted stock, not an open-market sale for investment purposes.

Key Details

• Transaction date: 2026-03-15; Filing date: 2026-03-17 (appears timely).
• Shares withheld/disposed: 3,837 at $35.51 each; aggregate value ≈ $136,252.
• Transaction code: F (payment of exercise price or tax liability); footnote F1: shares withheld to satisfy tax liability for vesting of restricted shares previously reported.
• Shares owned after the transaction: Not specified in the summary provided (see Form 4 for total holdings).
• This was not reported as part of a 10b5-1 plan and was a withholding to cover taxes rather than a voluntary market sale.

Context

• Tax-withholding dispositions are common when restricted stock vests; companies or insiders often surrender shares to cover required withholding rather than selling in the open market.
• Such transactions generally do not signal a change in the insider’s view of the company; they are administrative actions to meet tax obligations.