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Stellar Bancorp Executive Compensation (FY24)

STEL · Executive and director compensation, fiscal 2022 to 2024
Data as of September 7, 2026Latest filing (8-K): May 22, 2025
217 figures on this page: 214 cited to the filing that reported them, 3 calculated from figures it prints. See the citations
Robert Franklin, Jr, Chief Executive Officer of Stellar and Executive Chairman of the Bank, received $2,678,922 in total compensation for fiscal 2024, and the disclosed chief executive pay ratio for fiscal 2024 is 34:1, against median employee compensation of $79,581. For fiscal 2024, shareholders backed the say-on-pay proposal with 93.9% of votes cast including abstentions in favor at the meeting held May 21, 2025. The disclosed peer group names 1st Source Corporation, Amerant Bancorp Inc., BancFirst Corporation, Berkshire Hills Bancorp, Inc. and CVB Financial Corp., among others. The company reported 5 named executive officers for fiscal 2024.
Chief executive, fiscal 2024
◇
Robert Franklin, Jr
Latest say-on-pay support
=
May 21, 2025
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2023 to fiscal 2024
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Robert Franklin, Jr: $2,395,804 → $2,678,922 (11.8% higher)
Say-on-pay support: 95.5% → 93.9% (1.6 points lower)
CEO pay ratio: 32:1 → 34:1 (6.3% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Stellar Bancorp's chief executive and what were they paid?
Robert Franklin, Jr, Chief Executive Officer of Stellar and Executive Chairman of the Bank, received $2,678,922 in total compensation for fiscal 2024. Franklin, Jr's total moved 11.8% higher from the $2,395,804 reported for fiscal 2023.
What was Stellar Bancorp's say-on-pay result?
For fiscal 2024, shareholders backed the say-on-pay proposal with 93.9% of votes cast including abstentions in favor at the meeting held May 21, 2025.
Which companies are in Stellar Bancorp's peer group?
The disclosed peer group names 1st Source Corporation, Amerant Bancorp Inc., BancFirst Corporation, Berkshire Hills Bancorp, Inc. and CVB Financial Corp., among others.
What is Stellar Bancorp's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2024 is 34:1, against median employee compensation of $79,581.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Robert Franklin
Chief Executive Officer of Stellar and Executive Chairman of the Bank
◇◇◇——◇◇— not reconciled
Steven Retzloff
Executive Chairman of Stellar and Senior Executive Chairman of the Bank
◇◇◇—◇—◇— not reconciled
Ramon Vitulli
President of Stellar and Chief Executive Officer of the Bank
◇◇◇—◇—◇◇
Paul Egge
Senior Executive Vice President, Chief Financial Officer of Stellar and the Bank
◇◇◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Robert Franklin
Chief Executive Officer
◇◇◇—◇—◇◇
Ramon Vitulli
President
◇◇◇—◇—◇◇
Justin Long
Senior Executive Vice President and General Counsel
◇◇◇—◇—◇◇
Steven Retzloff
Executive Chairman
◇◇◇—◇—◇◇
Paul Egge
Senior Executive Vice President and Chief Financial Officer
◇◇◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Robert Franklin, Jr
Chief Executive Officer of Stellar and Executive Chairman of the Bank
◇—◇—◇—◇◇
Ramon Vitulli, III
President of Stellar and Chief Executive Officer of the Bank
◇—◇—◇—◇◇
Steven Retzloff
Executive Chairman of Stellar and Senior Executive Chairman of the Bank
◇—◇—◇—◇◇
Paul Egge
Senior Executive Vice President, Chief Financial Officer of Stellar and the Bank
◇—◇—◇—◇◇
Justin Long
Senior Executive Vice President, General Counsel and Corporate Secretary of Stellar and the Bank
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2024
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Paul P. EggeRSU◇——◇——◇
Paul P. EggePSU◇—◇—◇—◇
Robert R. FranklinPSU◇—◇—◇—◇
Robert R. FranklinRSU◇——◇——◇
Fiscal 2023 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2024 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Robert Franklin, JrRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
Paul EggeRSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Steven RetzloffPSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Justin LongPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Ramon Vitulli, IIIRSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2024
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Cynthia A. Dopjera
◇◇———◇◇
Tymothi O. Tombar
◇◇————◇
Joseph B. Swinbank
◇◇———◇◇
Fred S. Robertson
◇◇———◇◇
Michael A. Havard
◇◇———◇◇
John Beckworth
Lead independent director
◇◇———◇◇
Jon-Al Duplantier
◇◇———◇◇
Frances H. Jeter
◇◇———◇◇
John E. Williams, Jr
◇◇———◇◇
Reagan A. Reaud
◇◇———◇◇
William E. Wilson, Jr
◇◇———◇◇
Joe E. Penland, Sr
◇◇———◇◇
Steven F. Retzloff and Robert R. Franklin, Jr served on the board in fiscal 2024 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2024
  • 1st Source Corporation SRCE
  • Amerant Bancorp Inc. AMTB
  • BancFirst Corporation BANF
  • Berkshire Hills Bancorp, Inc. BBT
  • CVB Financial Corp. CVBF
  • Enterprise Financial Services Corp. EFSC
  • FB Financial Corporation FBK
  • First Busey Corporation BUSE
  • First Financial Bankshares, Inc. FFIN
  • Independent Bank Group, Inc. IBCP
  • International Bancshares Corporation IBOC
  • National Bank Holdings Corporation NBHC
  • Origin Bancorp, Inc. OBK
  • Renasant Corporation RNST
  • Sandy Spring Bancorp, Inc. SASR
  • Seacoast Banking Corporation of Florida SBCF
  • ServisFirst Bancshares, Inc. SFBS
  • Southside Bancshares, Inc. SBSI
  • Trustmark Corporation TRMK
  • Veritex Holdings, Inc. VBTX

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2024May 21, 2025=◇◇◇
2023June 4, 2024=◇◇◇
2022May 25, 2023=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Stellar Bancorp disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Stellar Bancorp sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
217 figures on this page: 214 cited to the filing that reported them, 3 calculated from figures it prints.
214 cited to the filing
3 calculated from the filing

Documents cited

  1. 0001473844-25-000035
  2. 0001104659-25-033748
    CEO Pay Ratio · Director Compensation · Grants of Plan-Based Awards for 2024 · Outstanding Equity Awards at Fiscal Year End · and 1 more section
  3. 0001473844-24-000021
  4. 0001104659-24-054214
    Summary Compensation Table
  5. 0001473844-23-000022
  6. 0001104659-23-049146
    Summary Compensation Table
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This page is free to cite. Attribution we ask for:
Velarion, “Stellar Bancorp executive compensation, FY2022–FY2024.” https://intel.velarion.ai/comp/STEL (accessed 2026).
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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Peers Stellar Bancorp discloses

The companies named in STEL's own disclosed peer group.

1st Source CorporationAmerant Bancorp Inc.BancFirst CorporationBerkshire Hills Bancorp, Inc.CVB Financial Corp.Enterprise Financial Services Corp.FB Financial CorporationFirst Busey CorporationFirst Financial Bankshares, Inc.Independent Bank Group, Inc.International Bancshares CorporationNational Bank Holdings CorporationOrigin Bancorp, Inc.Renasant CorporationSeacoast Banking Corporation of FloridaServisFirst Bancshares, Inc.Southside Bancshares, Inc.Trustmark Corporation

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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