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

Anne Martinez, Chief Risk Officer of Southside Bancshares Inc. (SBSI), reported the disposition of 167 shares of common stock on June 20, 2025, primarily for tax withholding related to equity compensation.

Summary

• Anne Martinez, the Chief Risk Officer (CRO) of Southside Bancshares Inc. (SBSI), filed a Form 4 disclosing a change in her beneficial ownership.
• On June 20, 2025, Ms. Martinez disposed of 167 shares of SBSI common stock.
• The transaction was executed at a price of $27.97 per share.
• This disposition is typically for tax withholding purposes related to the vesting of equity awards.
• Following this transaction, Ms. Martinez directly owns 6,437 shares of common stock.
• Additionally, she indirectly holds 2,883 shares in a 401k, 2,519 shares in an ESOP, and 303 shares in a Spouse IRA, totaling 5,705 indirect shares.
• Her total beneficial ownership after the reported transaction is 12,142 shares (6,437 direct + 5,705 indirect).

Sentiment

Score: 5

Explanation: The document is a routine SEC Form 4 filing detailing an insider stock transaction for tax withholding purposes, which is a neutral event and does not indicate positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

NA

Industry Context

This Form 4 filing is a standard regulatory disclosure for insider transactions within the banking and financial services industry. Such filings are common for executives receiving equity compensation, and the disposition of shares for tax withholding is a routine event across all industries where equity awards are granted.

Stakeholder Impact

• Shareholders: Minimal impact, as it's a routine tax-related transaction by an executive, not a discretionary sale indicating a change in confidence.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Key Dates

Keywords

Southside Bancshares, SBSI, Anne Martinez, Chief Risk Officer, CRO, SEC Form 4, Insider Trading, Stock Disposition, Beneficial Ownership, Tax Withholding, Equity Compensation