Paul P. Egge - 01 Oct 2022 Form 4 Insider Report for Stellar Bancorp, Inc. (STEL)

Role
Senior EVP, CFO
Signature
/s/ Justin M. Long, attorney-in-fact
Issuer symbol
STEL
Transactions as of
01 Oct 2022
Net transactions value
$0
Form type
4
Filing time
04 Oct 2022, 22:04:49 UTC
Previous filing
26 Sep 2022
Next filing
25 Oct 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STEL Common Stock Award +26,792 26,792 01 Oct 2022 Direct F1
transaction STEL Common Stock Tax liability -2,338 -8.7% 24,454 01 Oct 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares received in exchange for shares of Allegiance Bancshares, Inc. ("Allegiance"). On October 1, 2022, pursuant to an Agreement and Plan of Merger (the "Merger Agreement"), Allegiance merged with and into Stellar Bancorp, Inc., formerly CBTX, Inc. ("Stellar"), with Stellar as the surviving entity (the "Merger"). Pursuant to the Merger Agreement, each issued and outstanding share of Allegiance common stock was converted into the right to receive 1.4184 shares of Stellar common stock.
F2 Represents shares withheld to satisfy tax liability for vesting of restricted shares of common stock in connection with the closing of the Merger.