Form 4: Southside Bancshares Director Dacus Shannon Reports Acquisition of Common Stock
SEC Form 4 Filing
Director Dacus Shannon reported acquiring 18 shares of Southside Bancshares Inc. common stock due to dividend equivalent rights.
Summary
- On March 6, 2025, Dacus Shannon, a director of Southside Bancshares Inc., acquired 18 shares of common stock.
- The acquisition was a result of dividend equivalent rights received from a cash dividend on Restricted Stock Units (RSUs) held by Dacus Shannon.
- The price per share was $0.
- Following the transaction, Dacus Shannon directly owns 7,065 shares of Southside Bancshares Inc.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction (acquisition of shares through dividend equivalent rights) by a company director, suggesting a neutral to slightly positive sentiment as it indicates continued investment in the company.
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 for reporting changes in beneficial ownership by company insiders, providing transparency to the market.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider ownership.
Key Dates
| Date | Description |
|---|---|
| 03/06/2025 | Date of transaction: Acquisition of common stock. |
| 03/10/2025 | Date of signature by attorney in fact. |
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