Form 4: Southside Bancshares Director Hilliard J. Shands Reports Stock Transactions
SEC Form 4 Filing
Director Hilliard J. Shands reports acquisition and disposal of Southside Bancshares (SBSI) common stock, along with holdings in IRA and spousal trusts.
Summary
- On May 14, 2025, Hilliard J. Shands, a director of Southside Bancshares Inc. (SBSI), reported transactions involving the company's common stock.
- Shands acquired 1,359 shares of common stock.
- Following the reported transactions, Shands directly owns 50,162 shares of common stock.
- Shands also has indirect ownership through an IRA (6,795 shares), a spousal trust (201,952 shares), and a spouse's IRA (5,721 shares).
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by a company insider, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their trading activities and beneficial ownership in the company.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company insiders as it can provide insights into their perspective on the company's value.
Key Dates
| Date | Description |
|---|---|
| 05/14/2025 | Date of stock transaction |
| 05/21/2025 | Date of signature on the report |
Keywords
Southside Bancshares, SBSI, Director, Stock Transaction, Beneficial Ownership, Form 4, Hilliard J. Shands
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