Form 4: Southside Bancshares Officer Disposes Shares for Tax Obligations
Insider Transaction Report
Southside Bancshares Inc.'s Chief Lending Officer, Curtis Burchard, disposed of 334 shares of common stock to cover tax withholding obligations at a price of $31.04 per share.
Summary
- Curtis Burchard, Chief Lending Officer of Southside Bancshares Inc. (SBSI), reported a disposition of common stock.
- The transaction occurred on July 18, 2025.
- 334 shares were disposed of at a price of $31.04 per share.
- The transaction code 'F' indicates a disposition to the issuer to satisfy tax withholding obligations.
- Following this transaction, Curtis Burchard beneficially owns 6,807 shares of common stock directly.
Sentiment
Score: 5
Explanation: Neutral. This is a routine, non-discretionary transaction (tax withholding) and does not indicate positive or negative sentiment about the company's prospects.
Industry Context
This is a routine insider transaction (tax withholding) and does not provide broader industry context or trends.
Stakeholder Impact
- Minimal direct impact on shareholders as it's a small, routine tax-related disposition by an officer.
Key Dates
| Date | Description |
|---|---|
| 07/18/2025 | Date of transaction for common stock disposition. |
| 07/21/2025 | Signature date of the reporting person's attorney-in-fact. |
Keywords
Southside Bancshares, SBSI, Form 4, Insider Trading, Stock Disposition, Tax Withholding, Curtis Burchard, Chief Lending Officer, Common Stock
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