Form 4: Southside Bancshares CFO Julie Shamburger Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Julie Shamburger, CFO of Southside Bancshares, filed a Form 4 detailing changes in her beneficial ownership of the company's stock due to dividend equivalent rights, dividend reinvestment, and ESOP contributions.
Summary
- On June 6, 2024, Julie Shamburger, CFO of Southside Bancshares, reported changes in her beneficial ownership of the company's common stock.
- The changes include the acquisition of 74 shares due to dividend equivalent rights received on RSUs.
- She also indirectly owns 4,521 shares through a 401k SSB Trust, 3,888 shares through the company's ESOP, and 3,250 shares through a Spouse IRA.
- A power of attorney was executed on May 7, 2024, granting Lindsey Bailes, Joel Ghrist, and Michelle Cole the authority to file Forms 3, 4, and 5 on her behalf.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting changes in beneficial ownership, which carries a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the CFO's holdings and transactions in the company's stock.
Key Dates
| Date | Description |
|---|---|
| 2024-05-07 | Date of execution of the Power of Attorney. |
| 2024-06-06 | Date of the transaction reported in Form 4. |
| 2024-06-10 | Date of signature of the Form 4 filing. |
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