---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-095191"
form_type: "8-K"
ticker: "STEL"
cik: "0001473844"
company_name: "Stellar Bancorp, Inc."
filed_at: "2022-08-26T23:59:59+00:00"
generated_at: "2026-06-23T21:00:13.837483+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# CBTX enters new employment agreements with Jaggers and Parsons for post-merger roles

## Summary
- Travis Jaggers to become President of combined bank; annual base salary $375k, term through Dec 31, 2023.
- J. Pat Parsons to become Vice Chairman; annual base salary $300k, plus $100k deferred comp and min $150k bonus.
- Agreements effective only upon merger close; void if merger terminates without consummation.
- Jaggers severance: 2x base salary plus COBRA; Parsons severance: 150% of one year's salary plus COBRA.
- Both agreements include non-compete, non-solicitation, and confidentiality covenants.

## SEC filing metadata
- accession: 0001104659-22-095191
- form_type: 8-K
- ticker: STEL
- cik: 0001473844
- company_name: Stellar Bancorp, Inc.
- filed_at: 2022-08-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1473844/000110465922095191/0001104659-22-095191-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1473844/000110465922095191/tm2224675d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-095191
- JSON: https://secwatch.observer/filing/0001104659-22-095191.json
- Plain text: https://secwatch.observer/filing/0001104659-22-095191.txt

## Key facts
- Executive change
  Travis Jaggers was appointed as President at Stellar Bancorp, Inc..
  - Action: appointed
  - Role: President
  source text: the Jaggers Employment Agreement provides that Mr. Jaggers (i) will serve as the President of the combined bank
  evidence_url: https://www.sec.gov/Archives/edgar/data/1473844/000110465922095191/0001104659-22-095191-index.htm
- Executive change
  J. Pat Parsons was appointed as Vice Chairman at Stellar Bancorp, Inc..
  - Action: appointed
  - Role: Vice Chairman
  source text: The Parsons Employment Agreement provides that Mr. Parsons (i) will serve as Vice Chairman of the combined bank
  evidence_url: https://www.sec.gov/Archives/edgar/data/1473844/000110465922095191/0001104659-22-095191-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.