Form 4: Southside Bancshares Director Michael J. Bosworth Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Michael J. Bosworth reports acquisition and disposal of Southside Bancshares (SBSI) common stock, along with indirect ownership through Bosworth & Associates Inc.
Summary
- On May 15, 2024, Michael J. Bosworth, a director of Southside Bancshares Inc. (SBSI), reported changes in his beneficial ownership of the company's common stock.
- Bosworth acquired 2,703 shares of common stock.
- He also reported indirect ownership of 15,246 shares through Bosworth & Associates Inc.
- Following the reported transactions, Bosworth directly owns 79,429 shares of Southside Bancshares Inc.
- Lindsey Bibby Bailes, acting as attorney in fact, signed the report on May 17, 2024, based on a power of attorney executed on May 7, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure required by Section 16(a) of the Securities Exchange Act of 1934, ensuring transparency in insider trading activities.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 2024-05-07 | Date of execution of Power of Attorney. |
| 2024-05-15 | Date of the transaction involving common stock. |
| 2024-05-17 | Date of signature of the report by attorney in fact. |
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