Form 4: Southside Bancshares Director Dacus Reports Acquisition of Common Stock
SEC Form 4 Filing
Director Shannon Dacus reports acquiring 18 shares of Southside Bancshares common stock through dividend equivalent rights.
Summary
- On February 29, 2024, Shannon Dacus, a director of Southside Bancshares Inc., acquired 18 shares of common stock.
- The acquisition was a result of dividend equivalent rights received pursuant to a cash dividend on Restricted Stock Units (RSUs) held by Dacus.
- The price per share was $0.
- Following the transaction, Dacus directly owns 5,555 shares of Southside Bancshares Inc.
Sentiment
Score: 5
Explanation: This is a routine filing related to dividend equivalent rights, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it involves a small number of shares acquired through dividend equivalent rights.
Key Dates
| Date | Description |
|---|---|
| 02/29/2024 | Date of transaction: Acquisition of common stock. |
| 03/04/2024 | Date of signature on the report. |
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.