{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-22-035591","form_type":"8-K","ticker":"STEL","cik":"0001473844","company_name":"Stellar Bancorp, Inc.","filed_at":"2022-03-18T23:59:59+00:00","discovered_at":"2026-05-14T18:04:06.599938+00:00","generated_at":"2026-06-26T21:39:40.960598+00:00","sec_items":["5.02","8.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"CBTX enters merger-related executive comp agreements with CEO Franklin, CFO Pigott","bullets":["CEO Franklin post-merger salary $645,000; target bonus 85%; equity awards min 125% of base.","Franklin receives $550,000 closing equity award (50% time-based, 50% performance-based) with three-year vest.","Severance for Franklin: lump sum greater of $1.5M or 2x base, plus pro-rata bonus and 18 months health premiums.","CFO Pigott gets $960,000 cash severance plus accelerated equity vesting if terminated without cause within 18 months post-merger.","Bylaws amended to align shareholder amendment rights in certificate and bylaws post-merger."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-22-035591","json":"https://secwatch.observer/filing/0001104659-22-035591.json","markdown":"https://secwatch.observer/filing/0001104659-22-035591.md","text":"https://secwatch.observer/filing/0001104659-22-035591.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1473844/000110465922035591/0001104659-22-035591-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1473844/000110465922035591/tm229581d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-26T21:39:40.960598+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7bb9d6db6e","claim":"Robert R. Franklin, Jr. was appointed as Chief Executive Officer at Stellar Bancorp, Inc..","evidence_excerpt":"Mr. Franklin will serve as Chief Executive Officer of the combined company and will serve as Executive Chairman of the combined bank.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1473844/000110465922035591/0001104659-22-035591-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}