Form 4: Southside Bancshares Director Gifts Shares
Insider Transaction Report
A director at Southside Bancshares Inc. reported gifting 15,846 common shares in two separate transactions.
Summary
- Hilliard J. Shands, a Director of Southside Bancshares Inc. (SBSI), reported changes in beneficial ownership.
- On December 9, 2025, Mr. Shands disposed of 3,236 shares of common stock via a gift (Transaction Code 'G') at a price of $0.
- Following this transaction, direct beneficial ownership was 46,975 shares.
- On December 11, 2025, Mr. Shands disposed of an additional 12,610 shares of common stock via a gift (Transaction Code 'G') at a price of $0.
- Following this second transaction, direct beneficial ownership was 34,365 shares.
- Total shares gifted across both transactions amount to 15,846 common shares.
- Indirect beneficial ownership includes 201,952 shares held in a Spousal Trust, 6,795 shares in an IRA, and 5,721 shares in a Spouse IRA.
Sentiment
Score: 5
Explanation: Form 4 reports factual insider transactions, which are neutral in sentiment regarding the company's operational performance or financial health.
Future Outlook
The filing does not contain any forward-looking statements or guidance regarding the company's future performance.
Industry Context
This filing reports an individual insider transaction and does not provide information directly related to broader industry trends or competitive landscape for Southside Bancshares Inc.
Related Party Transactions
- The disposition of shares via gift (Transaction Code 'G') could be considered a related party transaction if the recipient is a family member or related entity, though the filing does not specify the recipient.
Stakeholder Impact
- The primary impact is on the reporting director's personal beneficial ownership of Southside Bancshares Inc. common stock, reducing direct holdings by 15,846 shares.
- The overall impact on other stakeholders, such as shareholders, employees, or customers, is minimal as this is a personal transaction by a director.
Key Dates
| Date | Description |
|---|---|
| 12/09/2025 | Date of first reported transaction (gift of 3,236 common shares). |
| 12/11/2025 | Date of second reported transaction (gift of 12,610 common shares). |
| 12/12/2025 | Date the Form 4 was signed by the attorney in fact. |
Keywords
Southside Bancshares, SBSI, Form 4, Insider Transaction, Stock Gift, Director, Beneficial Ownership
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