Southside Bancshares (SBSI) CCO gets stock award and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Southside Bancshares, Inc. CCO Arnold T. L. Jr reported routine equity compensation activity in company common stock. On March 17, 2026, he acquired 1,328 shares at no cost as a grant/award tied to performance-based restricted stock units that were earned based on ROATCE goals and his continued employment. On the same date, 322 shares were disposed of at $29.94 per share to cover tax withholding obligations, a non-market transaction. Following these entries, he directly owns 22,517 common shares and has an additional 1,928 shares held indirectly through an ESOP, indicating a largely unchanged and modestly increased long-term stake.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Arnold T L Jr
Role
CCO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,328 | $0.00 | -- |
| Tax Withholding | Common Stock | 322 | $29.94 | $10K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 22,839 shares (Direct);
Common Stock — 1,928 shares (Indirect, ESOP)
Footnotes (1)
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FAQ
What insider stock transactions did SBSI CCO Arnold T. L. Jr report?
Arnold T. L. Jr reported a stock award and related tax withholding. He received 1,328 Southside Bancshares common shares as a grant and had 322 shares withheld at $29.94 each to satisfy tax obligations, leaving mainly unchanged overall ownership.
Was the SBSI insider transaction by the CCO a market buy or sell?
The Form 4 shows no open-market buying or selling by the CCO. Shares were acquired through a performance-based stock award and 322 shares were disposed of solely to cover tax liabilities, rather than as discretionary market sales.
What performance conditions were tied to the SBSI CCO’s stock award?
The stock award reflects settlement of performance-based restricted stock units granted February 2, 2023. These PSUs were earned based on achieving goals related to return on average tangible common equity (ROATCE) and the CCO’s continued employment with Southside Bancshares.
Does the SBSI Form 4 indicate any remaining derivative or option positions for the CCO?
The insider data summary lists no remaining derivative transactions or option exercises. Derivative-related counts and shares are reported as zero, indicating the Form 4 focuses on stock award settlement and tax withholding rather than option activity.