Steele Bancorp (STLE) COO discloses direct and ESOP share stakes
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Steele Bancorp Inc. executive Thomas Leon Eberhart, the Chief Operating Officer, filed an initial Form 3 showing his ownership of the company’s common stock. The filing reports 24,204 shares held directly and 10,082 shares held indirectly through an ESOP, with no buy or sell transactions reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Eberhart Thomas Leon
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 24,204 shares (Direct, null);
Common Stock — 10,082 shares (Indirect, By ESOP)
Footnotes (1)
Key Figures
Direct common shares: 24,204 shares
Indirect ESOP shares: 10,082 shares
Unknown transaction entries: 2 entries
3 metrics
Direct common shares
24,204 shares
Direct ownership reported by COO on Form 3
Indirect ESOP shares
10,082 shares
Indirect ownership through ESOP on Form 3
Unknown transaction entries
2 entries
Form 3 shows two holding entries with unknown codes
Key Terms
Form 3, beneficial ownership, ESOP, indirect ownership
4 terms
Form 3 regulatory
"filed an initial Form 3 showing his ownership of the company’s common stock"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
beneficial ownership financial
"initial statement of beneficial ownership listing existing holdings, both direct and indirect"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
ESOP financial
"10,082 shares held indirectly through an ESOP"
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
indirect ownership financial
"indirect ownership of 10,082 shares through an ESOP"
FAQ
What does the Steele Bancorp (STLE) Form 3 filing show for COO Thomas Eberhart?
The Form 3 shows COO Thomas Eberhart’s existing ownership in Steele Bancorp common stock. He directly holds 24,204 shares and indirectly holds 10,082 shares through an ESOP, providing a baseline of his beneficial ownership as an executive officer.
What is the role of the ESOP in the Steele Bancorp (STLE) Form 3 filing?
The ESOP in the Form 3 indicates 10,082 shares of Steele Bancorp common stock are held indirectly for the COO. This shows part of his beneficial ownership arises through an Employee Stock Ownership Plan instead of solely through personal direct holdings.
Why is Steele Bancorp (STLE) filing a Form 3 for its Chief Operating Officer?
Form 3 is required when someone becomes an insider, such as an executive officer, at a public company. Steele Bancorp’s filing records the COO’s initial beneficial ownership in common stock, helping investors see his direct and ESOP-based holdings at the reporting date.