Form 4: Southside Bancshares Insider Transaction: Keith Donahoe Reports Stock Disposal
SEC Form 4 Filing
Keith Donahoe, an officer at Southside Bancshares, reported the disposal of 417 shares of common stock to cover tax obligations related to equity compensation.
Summary
- On March 22, 2024, Keith Donahoe, RP CTX of Southside Bancshares Inc. (SBSI), reported a transaction involving the disposal of 417 shares of common stock.
- The shares were disposed of at a price of $28.1 per share.
- Following the transaction, Donahoe directly owns 7,130 shares of common stock and indirectly owns 367 shares through an ESOP.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing represents a routine transaction related to tax obligations on equity compensation. It doesn't inherently indicate positive or negative sentiment towards the company's prospects.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their transactions in company stock. This filing indicates a standard transaction related to equity compensation.
Key Dates
| Date | Description |
|---|---|
| 03/22/2024 | Date of the transaction (disposal of shares) |
| 03/26/2024 | Date of signature on the Form 4 filing |
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