Form 4: Southside Bancshares CRO Anne Martinez Reports Routine Stock Disposition for Tax Liability

Southside Bancshares Inc.'s Chief Risk Officer, Anne Martinez, reported the disposition of 129 shares of common stock at $29.39 per share to cover tax liabilities on June 29, 2025.

Summary

• Anne Martinez, Chief Risk Officer (CRO) of Southside Bancshares Inc. (SBSI), reported a transaction on June 29, 2025.
• The transaction involved the disposition of 129 shares of common stock.
• The shares were disposed of at a price of $29.39 per share.
• The transaction code "F" indicates the disposition was to the issuer in payment of exercise price or tax liability.
• Following this transaction, Anne Martinez beneficially owns 6,308 shares directly, 2,883 shares indirectly through a 401k, 2,519 shares indirectly through an ESOP, and 303 shares indirectly through a Spouse IRA, totaling 12,013 shares.
• The reported price of $29.39 reflects the closing price of the previous business day, as the transaction date was a non-business day.

Sentiment

Score: 5

Explanation: The transaction is a routine disposition for tax purposes, which is a neutral event and does not indicate positive or negative sentiment regarding the company's prospects.

Future Outlook

NA

Industry Context

This Form 4 filing details a routine insider transaction for tax purposes, which is common for executives receiving equity compensation. It does not provide broader insights into the banking industry or Southside Bancshares' competitive position.

Stakeholder Impact

• The disposition of 129 shares by a corporate officer for tax purposes is a minor, routine event and is unlikely to have any material impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Southside Bancshares, SBSI, Anne Martinez, Form 4, SEC filing, insider transaction, stock disposition, tax liability, common stock, CRO