Southside Bancshares (SBSI) director discloses 2,000-share ownership on Form 3
Rhea-AI Filing Summary
Southside Bancshares Inc. reported the initial holdings of one of its directors in a Form 3 insider ownership statement. The filing shows the director beneficially owns a total of 2,000 shares of Southside Bancshares common stock, split between 1,000 shares held directly and 1,000 shares held indirectly through an IRA. The individual filing acts in the capacity of a director, and the form was signed by an attorney-in-fact under a power of attorney, indicating the use of authorized representation for insider reporting compliance.
Positive
- None.
Negative
- None.
FAQ
What does this Southside Bancshares (SBSI) Form 3 filing report?
This Form 3 reports the initial beneficial ownership of Southside Bancshares Inc. common stock by a person serving as a director of the company.
How many Southside Bancshares (SBSI) shares does the director beneficially own?
The director beneficially owns 2,000 shares of Southside Bancshares common stock, consisting of 1,000 shares held directly and 1,000 shares held indirectly through an IRA.
What type of securities are disclosed in this Southside Bancshares Form 3?
The filing discloses ownership of common stock of Southside Bancshares Inc. It shows no derivative securities listed in the derivative securities table.
What is the reporting person’s relationship to Southside Bancshares (SBSI)?
The reporting person is identified as a director of Southside Bancshares Inc., as indicated in the relationship section of the Form 3.
How are the Southside Bancshares shares held by the director classified?
The Form 3 classifies 1,000 shares as directly owned (D) and 1,000 shares as indirectly owned (I) through an IRA, reflecting different ownership forms.
Who signed the Southside Bancshares (SBSI) Form 3 filing?
The Form 3 was signed by Lindsey Bibby Bailes as attorney in fact, acting under a power of attorney referenced in the remarks section.