Form 4: Southside Bancshares Director Bosworth Reports Share Acquisition
SEC Form 4 Filing
Director Michael J. Bosworth reports acquiring 2,039 shares of Southside Bancshares through a dividend reinvestment program and indirectly holding 15,774 shares through Bosworth & Associates Inc.
Summary
- On May 14, 2025, Michael J. Bosworth, a director of Southside Bancshares Inc., acquired 2,039 shares of common stock through the company's Dividend Reinvestment Program.
- The acquisition price was $0.
- Following the transaction, Bosworth directly owns 82,801 shares of common stock.
- Bosworth also indirectly owns 15,774 shares through Bosworth & Associates Inc.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive. A director increasing their stake in the company is generally viewed favorably, indicating confidence in the company's prospects. The use of a dividend reinvestment program is a common and expected practice.
Positives
- The director's participation in the Dividend Reinvestment Program signals confidence in the company's future.
Industry Context
Directors acquiring shares through dividend reinvestment programs is a common practice, reflecting alignment with shareholder interests and confidence in the company's performance.
Key Dates
| Date | Description |
|---|---|
| 05/14/2025 | Date of transaction: Acquisition of 2,039 shares through Dividend Reinvestment Program |
| 05/21/2025 | Date of signature on the report |
Keywords
Southside Bancshares, SBSI, Director, Michael J. Bosworth, Dividend Reinvestment Program, Share Acquisition, Form 4, Beneficial Ownership
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