Form 4: SOUTHSIDE BANCSHARES Officer Sells Shares for Tax

Southside Bancshares' Chief Treasury Officer, Suni M. Davis, reported the sale of common stock to cover tax withholding obligations.

Summary

• Suni M. Davis, Chief Treasury Officer of SOUTHSIDE BANCSHARES INC (SBSI), reported two dispositions of common stock.
• On February 1, 2026, 195 shares were disposed of at a price of $32.19 per share. This price reflects the closing price of the previous business day due to the transaction occurring on a non-business day.
• On February 2, 2026, an additional 90 shares were disposed of at a price of $33.1 per share.
• These transactions were made to satisfy tax withholding obligations.
• Following these transactions, Ms. Davis beneficially owns 11,412 shares directly.
• Indirect beneficial ownership includes 9,289 shares in a 401K plan and 2,340 shares in an ESOP.
• The reported beneficial ownership includes shares acquired under the Company's Dividend Reinvestment Program.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the disposition of shares is a routine transaction for tax withholding purposes and does not reflect a change in the officer's investment conviction or the company's fundamentals.

Future Outlook

No forward-looking statements or guidance are provided in this filing.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those related to tax withholding, are common occurrences in the banking sector and generally do not reflect broader industry trends or competitive shifts.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction by an officer for tax purposes, not indicative of a change in company fundamentals or officer sentiment.

Key Dates

Recommendation

This Form 4 reports a routine disposition of shares by an officer for tax withholding purposes, which is a common occurrence with equity compensation. It does not indicate a change in the company's operational performance, strategic direction, or the officer's long-term view of the company. Therefore, it does not provide new information that would warrant a change from a 'hold' recommendation.

Keywords

SOUTHSIDE BANCSHARES, SBSI, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Chief Treasury Officer, Common Stock