Southside Bancshares (SBSI) CRO updates holdings after 176-share tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Southside Bancshares Inc. CRO Anne Martinez reported updated holdings of the company’s common stock. A tax-related share disposition of 176 shares at $33.63 per share was recorded as a tax-withholding transaction, leaving 8,372 shares held directly afterward.
She also reports indirect ownership through retirement and benefit accounts, including 303 shares in a Spouse IRA, 2,853 shares in an ESOP, and 3,528 shares in a 401k plan. These entries reflect how her Southside Bancshares equity is spread across different personal and benefit accounts rather than open-market trading activity.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Martinez Anne
Role
CRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 176 | $33.63 | $6K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 8,372 shares (Direct, null);
Common Stock — 3,528 shares (Indirect, 401k)
Footnotes (1)
Key Figures
Tax-withheld shares: 176 shares
Tax-withholding price: $33.63 per share
Direct holdings after transaction: 8,372 shares
+3 more
6 metrics
Tax-withheld shares
176 shares
Common stock disposed in F-code tax-withholding transaction
Tax-withholding price
$33.63 per share
Price applied to 176 shares used for tax obligations
Direct holdings after transaction
8,372 shares
Common stock directly owned following tax-withholding disposition
Spouse IRA holdings
303 shares
Indirect ownership via Spouse IRA account
ESOP holdings
2,853 shares
Indirect ownership through ESOP account
401k holdings
3,528 shares
Indirect ownership via 401k plan
Key Terms
tax-withholding disposition, Spouse IRA, ESOP, 401k
4 terms
tax-withholding disposition financial
"A tax-related share disposition of 176 shares at $33.63 per share was recorded as a tax-withholding transaction"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Spouse IRA financial
"including 303 shares in a Spouse IRA, 2,853 shares in an ESOP"
ESOP financial
"including 303 shares in a Spouse IRA, 2,853 shares in an ESOP, and 3,528 shares in a 401k plan"
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
401k financial
"2,853 shares in an ESOP, and 3,528 shares in a 401k plan"
An employer-sponsored retirement savings plan in the United States that lets workers set aside part of their paycheck into investments with tax advantages; some plans also include employer matching contributions, which is like free money added to your savings. It matters to investors because 401(k) balances represent a large pool of household retirement assets that influence personal financial security, investor behavior, and long-term demand for stocks and bonds.
