Form 4: Southside Bancshares Chief Banking Officer Reports Routine Stock Disposition for Tax Obligations
Insider Transaction Report
Anthony Sherri, Chief Banking Officer of Southside Bancshares Inc. (SBSI), reported the disposition of 121 shares of common stock to cover tax withholding obligations at a price of $27.97 per share.
Summary
- Anthony Sherri, the Chief Banking Officer of Southside Bancshares Inc. (SBSI), filed a Form 4 statement regarding changes in beneficial ownership.
- The filing indicates a disposition of 121 shares of Common Stock on June 20, 2025.
- This transaction was coded 'F', signifying a disposition to the issuer to satisfy tax withholding obligations.
- The shares were disposed of at a price of $27.97 per share.
- Following this transaction, Anthony Sherri directly beneficially owns 2,937 shares of Common Stock.
- Additionally, 550 shares are indirectly beneficially owned through an ESOP (Employee Stock Ownership Plan).
Sentiment
Score: 5
Explanation: The document reports a routine insider transaction (disposition for tax withholding) which is neutral in sentiment and does not indicate positive or negative developments for the company.
Future Outlook
The document does not contain any forward-looking statements or guidance.
Industry Context
This Form 4 filing is a routine disclosure of an insider transaction, specifically a disposition of shares to cover tax obligations. Such transactions are common for executives receiving equity compensation and do not typically reflect a change in the company's strategic direction or financial health within the broader banking industry.
Stakeholder Impact
- Shareholders: The disposition of a small number of shares for tax purposes by an executive is a routine event and is unlikely to have a material impact on the company's share price or shareholder value.
- Employees: No direct impact on employees is indicated by this filing.
Key Dates
| Date | Description |
|---|---|
| 06/20/2025 | Date of transaction for the disposition of common stock. |
| 06/24/2025 | Date the Form 4 was signed by Lindsey Bibby Bailes, attorney in fact for Anthony Sherri. |
Keywords
Southside Bancshares, SBSI, Form 4, SEC filing, insider transaction, stock disposition, tax withholding, Chief Banking Officer, Anthony Sherri, common stock
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