Form 4: Southside Bancshares Director Calhoun Reports Acquisition of Shares
SEC Form 4 Filing
Director Kirk A. Calhoun reports acquiring 1,441 shares of Southside Bancshares (SBSI) common stock on May 15, 2024.
Summary
- On May 15, 2024, Kirk A. Calhoun, a director of Southside Bancshares Inc. (SBSI), acquired 1,441 shares of common stock.
- The acquisition was made at a price of $0 per share.
- Following the transaction, Calhoun directly owns 14,647 shares of SBSI common stock.
- Calhoun also indirectly owns 1,063 shares through an IRA.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral. The director's purchase could be seen as slightly positive, but it's not a major event.
Positives
- The director's acquisition of shares could be interpreted as a positive signal about their confidence in the company's future prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders of a company (such as directors or officers) buy or sell the company's securities. These filings provide transparency to the market regarding insider transactions.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of the transaction where Calhoun acquired shares. |
| 05/17/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.