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

Director Kirk A. Calhoun reports acquiring 16 shares of Southside Bancshares common stock through dividend equivalent rights and an additional amount through the Company's Dividend Reinvestment Program.

Summary

• On September 5, 2024, Kirk A. Calhoun, a director of Southside Bancshares Inc., acquired 16 shares of common stock due to dividend equivalent rights.
• These rights were received as a result of a cash dividend on Restricted Stock Units (RSUs) held by Calhoun and are subject to the same terms and conditions as the underlying RSUs.
• Calhoun also acquired an unspecified number of shares through the company's Dividend Reinvestment Program.
• Following these transactions, Calhoun directly owns 14,864 shares of Southside Bancshares common stock and indirectly owns 1,063 shares through an IRA.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director is increasing their holdings, which can be seen as a positive sign, but the amounts are relatively small and related to standard dividend programs.

Positives

• The acquisition of shares through dividend equivalent rights and the Dividend Reinvestment Program indicates Calhoun's continued investment in the company.

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 transactions may have a minor positive impact on shareholder confidence due to the director's increased stake in the company.

Key Dates