Form 4: Southside Bancshares Inc. Executive Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Suni M. Davis, Chief Risk Officer of Southside Bancshares Inc., reports changes in beneficial ownership of company stock, including acquisitions through dividend reinvestment and payroll contributions.
Summary
- On September 5, 2024, Suni M. Davis, the Chief Risk Officer of Southside Bancshares Inc., filed a Form 4 to report changes in their beneficial ownership of the company's common stock.
- Davis acquired 29 shares of common stock through dividend equivalent rights related to restricted stock units (RSUs).
- Davis directly owns 9,202 shares of common stock following the reported transaction.
- Davis indirectly owns 7,406 shares through a 401K and 2,009 shares through an ESOP.
- These indirect holdings include shares acquired through the company's Dividend Reinvestment Program and monthly payroll contributions.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Positives
- The reporting person is increasing their holdings in the company, which could be interpreted as a positive signal.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 09/05/2024 | Date of the transaction involving the acquisition of common stock. |
| 09/09/2024 | Date of signature by attorney in fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.