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Southside Bancshares CRO Reports Minor 167-Share Disposition

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Southside Bancshares, Inc. (SBSI) – Form 4 insider filing

Chief Risk Officer Anne Martinez reported one transaction dated 06/20/2025. Using transaction code F, 167 shares of common stock were withheld at $27.97 per share (≈ $4.7 thousand) to cover tax or exercise obligations. Following the transaction, Martinez directly owns 6,437 shares. Indirect holdings remain unchanged at 2,883 shares in a 401(k), 2,519 shares in an ESOP, and 303 shares in a spouse IRA. No derivative securities were involved, and no additional acquisitions or sales were disclosed.

The size of the disposition represents a small fraction of both Martinez’s total holdings and SBSI’s average trading volume, indicating minimal market impact.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Routine Form 4; 167 shares withheld for taxes—immaterial, signals no directional view.

The filing shows a standard tax-withholding event rather than an open-market sale. Code F confirms the shares were surrendered to satisfy tax or option costs, not sold for cash. After the transaction, the CRO still holds 12,142 total shares (direct and indirect combined), preserving economic alignment with shareholders. Given the small dollar amount and lack of additional trading, this disclosure is neutral for governance and valuation perspectives.

Insider Martinez Anne
Role CRO
Type Security Shares Price Value
Tax Withholding Common Stock 167 $27.97 $5K
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 6,437 shares (Direct); Common Stock — 2,883 shares (Indirect, 401k)
Footnotes (1)
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Martinez Anne
(Last) (First) (Middle)
1201 S. BECKHAM AVE
(Street)
TYLER TX 75701
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SOUTHSIDE BANCSHARES INC [ SBSI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
CRO
3. Date of Earliest Transaction (Month/Day/Year)
06/20/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/20/2025 F 167 D $27.97 6,437 D
Common Stock 2,883 I 401k
Common Stock 2,519 I ESOP
Common Stock 303 I Spouse IRA
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
Remarks:
Lindsey Bibby Bailes, attorney in fact 06/24/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did SBSI insider Anne Martinez report in the latest Form 4?

She reported a Code F transaction on 06/20/2025, where 167 shares were withheld at $27.97 for tax obligations.

How many Southside Bancshares shares does Anne Martinez now own directly?

After the transaction she directly owns 6,437 shares of SBSI common stock.

Were any derivative securities involved in this Form 4 filing for SBSI?

No. The filing shows no derivative securities acquired or disposed of.

Is the 167-share transaction likely to impact SBSI's stock price?

Unlikely. The dollar value (~$4.7k) and share count are immaterial relative to SBSI’s average trading volume.

What is transaction code F noted in the Form 4 for SBSI?

Code F indicates shares were withheld to pay taxes or exercise costs, not an open-market sale.