Form 4: International Bancshares Corp Director Antonio R. Sanchez Jr. Gifts Shares to Grandchildren's Trusts
SEC Form 4 Filing
Director Antonio R. Sanchez Jr. reports gifting 9,000 shares of International Bancshares Corp (IBOC) common stock to trusts for his grandchildren.
Summary
- On December 17, 2024, Antonio R. Sanchez Jr., a director and 10% owner of International Bancshares Corp (IBOC), gifted a total of 9,000 shares of IBOC common stock to nine irrevocable trusts established for his grandchildren.
- Each trust received 1,000 shares.
- The transaction was reported on December 19, 2024.
- Following the transaction, Sanchez directly owns 1,805,554 shares.
- Sanchez also indirectly owns 9,000 shares held by Grandchildren's Trusts, 1,232,245 shares held in Trust and 567,439 shares held in Partnership.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a gift of shares. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.
Stakeholder Impact
- The gift of shares to trusts for grandchildren has no immediate impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 12/17/2024 | Date of transaction: gift of shares to grandchildren's trusts |
| 12/19/2024 | Date of report filing |
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