Form 4: Southside Bancshares Inc. Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Suni M. Davis, Chief Risk Officer of Southside Bancshares Inc., disposed of 51 shares of common stock on June 29, 2024, to cover tax obligations.
Summary
- On June 29, 2024, Suni M. Davis, the Chief Risk Officer of Southside Bancshares Inc. (SBSI), disposed of 51 shares of common stock.
- The transaction was executed at a price of $27.61 per share.
- This disposal was to cover tax obligations.
- Following the transaction, Davis directly owns 9,158 shares of Southside Bancshares Inc.
- Davis also indirectly owns 7,131 shares through a 401K and 1,988 shares through an ESOP.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine transaction related to tax obligations. It doesn't indicate any positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 06/29/2024 | Date of the transaction where 51 shares of common stock were disposed of. |
| 07/02/2024 | Date of signature by Joel Ghrist, attorney in fact. |
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