Form 4: Southside Bancshares Officer Mark W. Drennan Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Mark W. Drennan, an officer at Southside Bancshares Inc, reported a transaction involving common stock on October 29, 2024.
Summary
- On October 29, 2024, Mark W. Drennan, an officer of Southside Bancshares Inc, filed a Form 4 to report changes in beneficial ownership of the company's stock.
- The reported transaction involved the disposal of 34 shares of common stock at a price of $32.68.
- Following the transaction, Drennan directly owns 6,384 shares of common stock and indirectly owns 1,074 shares through an ESOP.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a transaction by a company officer. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of company officers and directors.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders, as it involves a small number of shares.
Key Dates
| Date | Description |
|---|---|
| 10/29/2024 | Date of the transaction involving common stock. |
| 10/30/2024 | Date of signature by attorney in fact. |
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