Form 4: CRO Anne Martinez Disposes SBSI Shares for Tax

Southside Bancshares CRO Anne Martinez reported a disposition of 102 common shares at $38.09 for tax purposes, executed under a Rule 10b5-1 plan.

Summary

• Anne Martinez, Chief Risk Officer (CRO) of Southside Bancshares Inc. (SBSI), reported a disposition of 102 shares of common stock.
• The transaction occurred on November 17, 2025, at a price of $38.09 per share.
• This disposition was for the payment of tax liability, indicated by transaction code "F".
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating it was pre-scheduled.
• Following this transaction, Anne Martinez beneficially owns 6,235 shares directly, 2,965 shares indirectly through a 401k, 2,548 shares indirectly through an ESOP, and 303 shares indirectly through a Spouse IRA, totaling 12,051 shares.

Sentiment

Score: 5

Explanation: The transaction is a routine disposition for tax purposes, pre-planned under a 10b5-1 plan, and does not indicate a significant positive or negative sentiment regarding the company's prospects. It's a neutral event.

Positives

• The transaction was executed under a Rule 10b5-1 plan, indicating a pre-arranged and compliant disposition, which can reduce concerns about opportunistic insider trading.

Negatives

• A reduction in direct beneficial ownership by a key executive, even for tax purposes, slightly decreases their direct equity alignment with shareholders.

Industry Context

This filing is a routine disclosure of an insider transaction, common across all publicly traded companies, reflecting an executive's management of their equity compensation for tax purposes rather than a strategic market move.

Stakeholder Impact

• Shareholders: Minimal impact, as it's a small, routine disposition for tax purposes by one executive.
• Employees: No direct impact.
• Customers: No direct impact.
• Suppliers: No direct impact.
• Creditors: No direct impact.

Key Dates

Keywords

Southside Bancshares, SBSI, Anne Martinez, CRO, Insider Trading, Form 4, Stock Disposition, Rule 10b5-1, Tax Withholding, Executive Compensation