Form 4: Southside Bancshares Director Preston L. Smith Reports Stock Acquisition and Disposal
SEC Form 4 Filing
Director Preston L. Smith reports acquiring 2,291 shares of Southside Bancshares and disposing of 1,430 shares held indirectly through a spouse.
Summary
- On May 14, 2025, Preston L. Smith, a director of Southside Bancshares Inc., reported a transaction involving the company's common stock.
- Smith acquired 2,291 shares of common stock at $0.
- Smith also disposed of 1,430 shares held indirectly through a spouse.
- Following these transactions, Smith directly owns 20,385 shares of Southside Bancshares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the actions of company directors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 05/14/2025 | Date of stock acquisition and disposal. |
| 05/21/2025 | Date of signature on the report. |
Keywords
Southside Bancshares, SBSI, Form 4, Beneficial Ownership, Director, Stock Transaction, Preston L. Smith
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