Form 4: Southside Bancshares CFO Julie Shamburger Executes Stock Option and Sells Shares
SEC Form 4 Filing
Julie Shamburger, CFO of Southside Bancshares, exercised stock options and sold a portion of the acquired shares on July 31, 2024.
Summary
- On July 31, 2024, Julie Shamburger, the CFO of Southside Bancshares Inc. (SBSI), exercised employee stock options to acquire 5,460 shares of common stock at a price of $26.49 per share.
- Simultaneously, Shamburger sold 5,360 shares of common stock at a price of $35.03 per share.
- Following these transactions, Shamburger directly owns 24,327 shares of Southside Bancshares common stock.
- She also has indirect ownership through a 401k SSB Trust (4,521 shares), an ESOP (3,888 shares), and a Spouse IRA (3,250 shares).
Sentiment
Score: 5
Explanation: This is a neutral event. The CFO exercised options and sold a portion of the shares, which is a common practice. It doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common among corporate executives. These transactions are closely monitored by investors for insights into management's perspective on the company's value and future prospects.
Key Dates
| Date | Description |
|---|---|
| 06/18/2015 | Options were granted. |
| 06/18/2016 | First vesting date of the options. |
| 07/31/2024 | Date of stock option exercise and sale of shares. |
| 06/18/2025 | Expiration date of the options. |
| 08/01/2024 | Date of signature on the Form 4 filing. |
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