SBSI CCO receives stock award, withholds shares for tax
Southside Bancshares, Inc. CCO Arnold T. L. Jr reported routine equity compensation activity in company common stock.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,328 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 322 | $29.94 | $10K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. Reflects the settlement of performance-based restricted stock units ("PSUs") granted to the reporting person on February 2, 2023, such PSUs were earned based on achievement of goals related to ROATCE and the reporting person's continued employment with the Company.
FAQ
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What insider stock transactions did SBSI CCO Arnold T. L. Jr report?
Was the SBSI insider transaction by the CCO a market buy or sell?
What performance conditions were tied to the SBSI CCO’s stock award?
Does the SBSI Form 4 indicate any remaining derivative or option positions for the CCO?
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