Southside Bancshares (SBSI) COO sells 486 shares, holds 4,871 after trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Southside Bancshares Inc. Chief Operating Officer John Mitchell Craddock Jr. reported an open-market sale of 486 shares of Common Stock at $33.38 per share. After the sale, he directly holds 4,871 shares and indirectly holds 217 shares through an ESOP.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 486 shares ($16,223)
Net Sell
2 txns
Insider
Craddock John Mitchell Jr.
Role
Chief Operating Officer
Sold
486 shs ($16K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 486 | $33.38 | $16K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,871 shares (Direct, null);
Common Stock — 217 shares (Indirect, ESOP)
Footnotes (1)
Key Figures
Shares sold: 486 shares
Sale price: $33.38 per share
Direct holdings after sale: 4,871 shares
+1 more
4 metrics
Shares sold
486 shares
Open-market sale of Common Stock
Sale price
$33.38 per share
Price for 486 shares sold
Direct holdings after sale
4,871 shares
Common Stock directly owned post-transaction
Indirect ESOP holdings
217 shares
Common Stock held indirectly through ESOP
Key Terms
open-market sale, Common Stock, ESOP
3 terms
open-market sale financial
"reported an open-market sale of 486 shares of Common Stock"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common Stock financial
"sale of 486 shares of Common Stock at $33.38 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.
ESOP financial
"indirectly holds 217 shares 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.
FAQ
What insider transaction did SBSI COO John Mitchell Craddock Jr. report?
He reported an open-market sale of 486 shares of Southside Bancshares Common Stock at $33.38 per share. The filing also shows his updated direct and indirect share ownership positions following this transaction.
Does the SBSI Form 4 filing show any option exercises or derivative transactions?
The filing shows no derivative transactions or option exercises. All reported activity involves non-derivative Common Stock, with one open-market sale and one line item reflecting holdings through an ESOP.