Form 4: Southside Bancshares Director Hilliard J. Shands Reports Stock Transfer

Director Hilliard J. Shands of Southside Bancshares reported a transfer of 7,034 common stock shares on December 13, 2024.

Summary

• Hilliard J. Shands, a director at Southside Bancshares, reported a transaction involving the company's common stock.
• On December 13, 2024, Mr. Shands transferred 7,034 shares of common stock.
• The transfer was a disposition, and the price per share was $0.
• Following the transaction, Mr. Shands directly owns 48,785 shares of common stock.
• Additionally, Mr. Shands indirectly owns 201,952 shares through a spousal trust, 6,795 shares through an IRA, and 5,721 shares through a spouse's IRA.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, not indicative of positive or negative sentiment.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, as mandated by the SEC.
• Similar filings are made by directors and officers of other financial institutions such as Texas Capital Bancshares (TCBI) and Prosperity Bancshares (PB).

Stakeholder Impact

• This transaction provides transparency to shareholders regarding insider trading activity.

Key Dates

Keywords

Southside Bancshares, SBSI, Hilliard J. Shands, stock transaction, Form 4, insider trading, director, common stock, beneficial ownership