Form 4: Southside Bancshares Inc. Executive Sells Shares and Exercises Options
SEC Form 4
Suni M. Davis, Chief Risk Officer of Southside Bancshares Inc., executed transactions involving the company's common stock, including exercising options and selling shares.
Summary
- On November 6, 2024, Suni M. Davis, the Chief Risk Officer of Southside Bancshares Inc., engaged in transactions involving the company's common stock.
- Davis exercised employee stock options to acquire 2,220 shares at a price of $26.49 per share.
- Simultaneously, Davis sold 2,220 shares at $36 per share.
- Following these transactions, Davis directly owns 9,202 shares of common stock.
- Davis also indirectly owns 7,406 shares through a 401K and 2,009 shares through an ESOP.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports transactions. There is no indication of positive or negative outlook.
Industry Context
Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking to understand management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 06/18/2016 | Date employee stock option was exercisable |
| 06/18/2025 | Expiration date of employee stock option |
| 11/06/2024 | Date of transaction: exercise of stock options and sale of shares |
| 11/07/2024 | Date of signature on the Form 4 filing |
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