Form 4: Southside Bancshares Director Dacus Shannon Reports Acquisition of Common Stock
SEC Form 4 Filing
Director Dacus Shannon reported acquiring 20 shares of Southside Bancshares common stock due to dividend equivalent rights.
Summary
- On June 6, 2024, Dacus Shannon, a director of Southside Bancshares Inc. (SBSI), acquired 20 shares of common stock.
- The acquisition was due to dividend equivalent rights received on restricted stock units (RSUs) held by the reporting person.
- The price per share was $0.
- Following the transaction, Dacus Shannon beneficially owns 7,016 shares of Southside Bancshares common stock directly.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to an insider transaction. It doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders (directors, officers, and 10% owners) of publicly traded companies, providing transparency into their transactions in the company's stock.
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 |
|---|---|
| 06/06/2024 | Date of transaction: Acquisition of common stock. |
| 06/10/2024 | Date of signature on the report. |
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