Southside Bancshares (SBSI) executive reports 75-share tax withholding on Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Southside Bancshares Regional President Jared C. Green reported routine share activity involving company common stock. A total of 75 shares were disposed of at $32.76 per share as a tax-withholding transaction, meaning the shares were used to cover tax obligations rather than sold on the open market. Following this, he holds 5,414 shares directly, along with indirect holdings of 2,066 shares through an ESOP and 2,193 shares through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Green Jared C.
Role
Regional President, ETX
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 75 | $32.76 | $2K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,414 shares (Direct, null);
Common Stock — 2,193 shares (Indirect, 401k)
Footnotes (1)
Key Figures
Tax-withholding shares: 75 shares
Tax-withholding price: $32.76/share
Direct holdings after: 5,414 shares
+2 more
5 metrics
Tax-withholding shares
75 shares
Common Stock disposed in tax-withholding transaction (code F)
Tax-withholding price
$32.76/share
Price per share for 75-share tax-withholding disposition
Direct holdings after
5,414 shares
Direct SBSI common stock owned after transaction
ESOP indirect holdings
2,066 shares
Indirect SBSI common stock via ESOP as of transaction date
401(k) indirect holdings
2,193 shares
Indirect SBSI common stock via 401(k) as of transaction date
Key Terms
tax-withholding disposition, ESOP, 401k, Common Stock
4 terms
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition"
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.
ESOP financial
"nature_of_ownership": "ESOP""
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
"nature_of_ownership": "401k""
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.
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did SBSI executive Jared C. Green report on this Form 4?
Jared C. Green reported a tax-withholding disposition of 75 shares of Southside Bancshares common stock. The shares, valued at $32.76 each, were used to satisfy tax obligations rather than being sold in the open market.
What does transaction code F mean in the SBSI Form 4 for Jared C. Green?
Transaction code F indicates a tax-related disposition where shares are delivered to pay an exercise price or tax liability. In this case, 75 SBSI shares were used to satisfy taxes, not as a discretionary sale in the open market.