Form 4: Southside Bancshares Director John Robert Garrett Acquires Additional Shares Through Dividend Equivalent Rights
SEC Form 4 Filing
John Robert Garrett, a director at Southside Bancshares, acquired 10 shares of common stock on February 29, 2024, through dividend equivalent rights.
Summary
- On February 29, 2024, John Robert Garrett, a director and COB of Southside Bancshares, acquired 10 shares of common stock.
- The acquisition was a result of dividend equivalent rights received on previously held Restricted Stock Units (RSUs).
- The price per share was $0.
- Following the transaction, Garrett directly owns 22,450 shares of Southside Bancshares.
- The transaction was reported on March 4, 2024.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to insider transactions, with neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it involves a small number of shares acquired through dividend equivalent rights.
Key Dates
| Date | Description |
|---|---|
| 02/29/2024 | Date of transaction: Acquisition of 10 shares of common stock through dividend equivalent rights. |
| 03/04/2024 | Date of report filing. |
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