Form 4: Southside Bancshares CFO Julie Shamburger Reports Stock Disposals for Tax Obligations

Julie Shamburger, CFO of Southside Bancshares, reported the disposal of common stock to cover tax obligations related to equity awards.

Summary

• Julie Shamburger, the CFO of Southside Bancshares Inc. (SBSI), filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
• On February 1st, 2025, she disposed of 323 shares of common stock at a price of $31.43.
• On February 2nd, 2025, she disposed of 174 shares of common stock at a price of $31.43.
• On February 3rd, 2025, she disposed of 161 shares of common stock at a price of $30.9.
• These transactions were related to covering tax obligations.
• Following these transactions, Shamburger directly owns 23,773 shares of common stock.
• She also indirectly owns shares through a 401k SSB Trust (4,616 shares), a Spouse IRA (3,250 shares), an IRA (3,624 shares), and an ESOP (3,969 shares).

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock disposals for tax purposes, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. Disposals to cover tax obligations are common.

Stakeholder Impact

• The stock disposal may have a minor impact on shareholders due to the increased supply of shares, but the impact is likely to be minimal given the relatively small number of shares involved.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Disposal, Southside Bancshares, SBSI, Julie Shamburger, CFO, Tax Obligations