Form 4: Southside Bancshares CCO Arnold T L Jr. Reports Stock Disposal
SEC Form 4 Filing
Arnold T L Jr., CCO of Southside Bancshares, reports disposing of 84 shares of common stock to cover tax obligations.
Summary
- On June 29, 2024, Arnold T L Jr., the Chief Credit Officer (CCO) of Southside Bancshares Inc. (SBSI), reported a transaction involving the company's common stock.
- Mr. Arnold disposed of 84 shares of common stock at a price of $27.61 per share.
- This transaction was to cover tax obligations.
- Following the transaction, Mr. Arnold directly owns 16,441 shares of common stock and indirectly owns 1,383 shares through an ESOP.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. It reports a stock disposal for tax obligations, which is a common practice.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 06/29/2024 | Date of the stock transaction (disposal of shares). |
| 07/02/2024 | Date of signature on the Form 4 filing. |
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