Form 4: Southside Bancshares Director Herbert C Buie Reports Gift of Shares

Director Herbert C Buie reports a gift of 21,800 shares of Southside Bancshares stock, resulting in a decrease in direct ownership but continued indirect ownership through various trusts and accounts.

Summary

• On November 6, 2024, Herbert C Buie, a director of Southside Bancshares Inc., reported a transaction involving the company's common stock.
• Buie gifted 21,800 shares of common stock.
• The transaction resulted in a decrease in Buie's directly held shares to 385,701.
• Buie also indirectly owns shares through an Exemption Trust (231,053 shares), an IRA (27,038 shares), Tyler Packing Co (5,000 shares), a Spouse Tr for Son (4,353 shares), and a Spouse Tr for Dtr (3,983 shares).

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a change in ownership by a director of a publicly traded company.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in ownership by a director.

Key Dates