Form 4: Southside Bancshares Inc. Executive Jared C. Green Reports Stock Transactions
SEC Form 4 Filing
Jared C. Green, Regional President of Southside Bancshares Inc., reports the acquisition and disposal of company stock and stock options on August 1, 2024.
Summary
- On August 1, 2024, Jared C. Green, Regional President of Southside Bancshares Inc., engaged in transactions involving the company's common stock and employee stock options.
- Green acquired 864 shares of common stock through the exercise of employee stock options at a price of $26.49 per share.
- Simultaneously, Green disposed of 864 shares of common stock at a price of $33.27 per share.
- Following these transactions, Green directly owns 4,358 shares of Southside Bancshares Inc. common stock.
- Green also indirectly owns 2,024 shares through a 401k and 1,490 shares through an ESOP.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions. There is no inherent 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 into the actions of company executives regarding their holdings in the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders.
- The transactions are typical for executives who receive stock options as part of their compensation packages.
- Similar filings can be observed for executives at comparable regional banks.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- The filing provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 06/18/2019 | Date Employee Stock Option was granted. |
| 08/01/2024 | Date of stock acquisition and disposal. |
| 08/05/2024 | Date of signature on the report. |
| 06/18/2025 | Expiration date of Employee Stock Option. |
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