Form 4: Southside Bancshares Director Hilliard J. Shands Reports Share Transactions
SEC Form 4 Filing
Director Hilliard J. Shands reported the acquisition and disposal of Southside Bancshares (SBSI) common stock, along with holdings in spousal trusts and retirement accounts.
Summary
- On May 15, 2024, Hilliard J. Shands, a director of Southside Bancshares Inc. (SBSI), reported transactions involving the company's common stock.
- Shands acquired 1,441 shares of common stock.
- Shands also reported disposing of 204,229 shares held in a spousal trust, 6,502 shares in an IRA, 284 shares in an ESOP, and 5,721 shares in a spouse's IRA.
- Following these transactions, Shands directly owns 58,568 shares of Southside Bancshares Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a company director.
Key Dates
| Date | Description |
|---|---|
| 05/07/2024 | Date of Power of Attorney execution. |
| 05/15/2024 | Date of the reported stock transactions. |
| 05/17/2024 | Date of signature for the Form 4 filing. |
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