Joe Penland Sr. - 01 Jun 2023 Form 4 Insider Report for Stellar Bancorp, Inc. (STEL)

Role
Director
Signature
/s/ Justin M. Long, attorney-in-fact
Issuer symbol
STEL
Transactions as of
01 Jun 2023
Net transactions value
$0
Form type
4
Filing time
02 Jun 2023, 16:18:25 UTC
Previous filing
05 May 2023
Next filing
12 Jun 2024
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 $0 +2,566 +0.44% $0.000000 580,430 01 Jun 2023 Direct F1
holding STEL Common Stock 4,000 01 Jun 2023 By Quality Mat Company F2
holding STEL Common Stock 724,636 01 Jun 2023 By Tram Road Partners LP F3
holding STEL Common Stock 227,170 01 Jun 2023 By Penland Foundation F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted shares of Common Stock that will vest on May 1, 2024, subject to continued service as a director of the issuer on such date.
F2 The reporting person is the chief executive officer of Quality Mat Company, a Texas corporation. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of Section 16 of the Securities and Exchange Act of 1934, as amended, or for any other purpose.
F3 The reporting person is the manager and member of Tram Road Managers, LLC, a Texas limited liability company, which is the general partner of Tram Road Partners, LP, a Texas limited partnership. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of Section 16 of the Securities and Exchange Act of 1934, as amended, or for any other purpose.
F4 The reporting person serves as trustee of the Penland Foundation. The reporting person disclaims beneficial ownership of these securities except of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 of the Securities and Exchange Act of 1934, as amended, or for any other purpose.