Form 4: Southside Bancshares Director Calhoun Reports Acquisition of Common Stock

Director Kirk A. Calhoun reports the acquisition of 18 shares of Southside Bancshares common stock due to dividend equivalent rights.

Summary

• On March 6, 2025, Kirk A. Calhoun, a director of Southside Bancshares Inc., acquired 18 shares of common stock.
• This acquisition was due to dividend equivalent rights received on restricted stock units (RSUs) held by Calhoun.
• The price per share for this acquisition was $0.
• Following the transaction, Calhoun directly owns 14,897 shares of common stock and indirectly owns 1,063 shares through an IRA.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director increasing their stake in the company, which can be seen as a sign of confidence. However, the acquisition is small and related to dividend rights, so the impact is limited.

Positives

• The acquisition of shares through dividend equivalent rights indicates a continued investment in the company by a director.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment as it reflects insider investment.

Key Dates