Stellar Bancorp Management
Management criteria checks 2/4
Stellar Bancorp's CEO is Bob Franklin, appointed in Oct 2022, has a tenure of 1.5 years. total yearly compensation is $5.21M, comprised of 11% salary and 89% bonuses, including company stock and options. directly owns 0.78% of the company’s shares, worth $9.91M. The average tenure of the management team and the board of directors is 2.9 years and 2.9 years respectively.
Key information
Bob Franklin
Chief executive officer
US$5.2m
Total compensation
| CEO salary percentage | 11.0% |
| CEO tenure | 1.5yrs |
| CEO ownership | 0.8% |
| Management average tenure | 2.9yrs |
| Board average tenure | 2.9yrs |
Recent management updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | US$130m |
| Sep 30 2023 | n/a | n/a | US$105m |
| Jun 30 2023 | n/a | n/a | US$89m |
| Mar 31 2023 | n/a | n/a | US$70m |
| Dec 31 2022 | US$5m | US$574k | US$51m |
Compensation vs Market: Bob's total compensation ($USD5.21M) is about average for companies of similar size in the US market ($USD5.61M).
Compensation vs Earnings: Insufficient data to compare Bob's compensation with company performance.
CEO
Bob Franklin (68 yo)
1.5yrs
Tenure
US$5,211,856
Compensation
Mr. Robert R. Franklin, Jr., also known as Bob, serves as Chief Executive Officer and Director of Stellar Bancorp, Inc. since October 01, 2022. Mr. Franklin serves as Executive Chairman of Stellar Bank sin...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 16.3yrs | US$1.51m | 1.0% $ 12.7m | |
| CEO & Director | 1.5yrs | US$5.21m | 0.78% $ 9.9m | |
| President | 4.3yrs | US$1.17m | 0.22% $ 2.8m | |
| Chief Financial Officer | 7.3yrs | US$964.58k | 0.13% $ 1.6m | |
| President of Stellar Bank | no data | US$915.77k | 0.024% $ 306.7k | |
| Executive VP & Chief Accounting Officer | no data | no data | no data | |
| Senior EVP | 1.5yrs | no data | 0.11% $ 1.4m | |
| Chief Risk Officer | 5.3yrs | US$760.85k | 0.15% $ 2.0m | |
| Senior EVP & Chief Credit Officer | no data | no data | 0.18% $ 2.3m |
2.9yrs
Average Tenure
61yo
Average Age
Experienced Management: STEL's management team is considered experienced (2.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 16.3yrs | US$1.51m | 1.0% $ 12.7m | |
| CEO & Director | 1.5yrs | US$5.21m | 0.78% $ 9.9m | |
| Director | 1.5yrs | US$167.74k | 0.56% $ 7.1m | |
| Independent Director | 17.3yrs | US$80.77k | 2.45% $ 31.2m | |
| Independent Director | 1.5yrs | US$7.75k | 0.050% $ 631.0k | |
| Independent Director | 1.5yrs | US$9.75k | 0.011% $ 134.1k | |
| Independent Director | 17.3yrs | US$73.29k | 2.4% $ 30.6m | |
| Lead Independent Director | 1.5yrs | US$7.13k | 0.37% $ 4.7m | |
| Independent Director | 1.5yrs | US$12.88k | 0.18% $ 2.3m | |
| Independent Director | 7.3yrs | US$102.22k | 0.12% $ 1.5m | |
| Independent Director | 17.3yrs | US$89.34k | 0.20% $ 2.5m | |
| Independent Director | 4.3yrs | US$86.72k | 0.016% $ 199.9k |
2.9yrs
Average Tenure
67.5yo
Average Age
Experienced Board: STEL's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.