Southside Bancshares (SBSI) officer logs 128-share tax withholding, holds 4,969 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Southside Bancshares Chief Banking Officer Sherri Anthony reported routine share updates. A total of 128 shares of Common Stock were disposed of at $33.63 per share as a tax-withholding transaction, leaving 4,263 shares held directly and 706 shares held indirectly through an ESOP.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Anthony Sherri
Role
Chief Banking Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 128 | $33.63 | $4K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,263 shares (Direct, null);
Common Stock — 706 shares (Indirect, ESOP)
Footnotes (1)
Key Figures
Tax-withholding shares: 128 shares
Tax-withholding price: $33.63 per share
Direct holdings after transaction: 4,263 shares
+2 more
5 metrics
Tax-withholding shares
128 shares
Common Stock disposed in F-code tax-withholding
Tax-withholding price
$33.63 per share
Value assigned to 128-share tax disposition
Direct holdings after transaction
4,263 shares
Common Stock held directly after Form 4 events
Indirect ESOP holdings
706 shares
Common Stock held indirectly via ESOP after update
Net buy/sell direction
neutral
transactionSummary netBuySellDirection
Key Terms
tax-withholding disposition, ESOP, Common Stock
3 terms
tax-withholding disposition financial
"A total of 128 shares of Common Stock were disposed of at $33.63 per share 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.
ESOP financial
"706 shares held indirectly through an 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.
Common Stock financial
"128 shares of Common Stock were disposed of at $33.63 per share"
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 does the F transaction code mean in the SBSI Form 4 filing?
The F transaction code indicates shares were used to pay an exercise price or tax liability. In this case, 128 Southside Bancshares shares were disposed of as a tax-withholding transaction, a common mechanism for covering taxes rather than a voluntary open-market sale.
What type of indirect ownership does Sherri Anthony report in SBSI stock?
Sherri Anthony reports indirect ownership of 706 Southside Bancshares Common Stock shares through an ESOP. An ESOP, or employee stock ownership plan, is a benefit program that holds company shares for employees, reflecting indirect economic interest instead of directly held shares.