Southside Bancshares COO sells 415 shares
Southside Bancshares’ chief operating officer disclosed a modest open-market sale and updated direct and ESOP-related holdings.
Rhea-AI Filing Summary
SOUTHSIDE BANCSHARES INC (SBSI) reported that Chief Operating Officer John Mitchell Craddock Jr. sold 415 shares of common stock on September 11, 2026 in an open-market or private transaction at $32.01 per share. After this sale, he held 4,378 shares directly and 222 shares indirectly through an ESOP. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 415 shares
Net Sell
2 txns
Insider
Craddock John Mitchell Jr.
Role
Chief Operating Officer
Sold
415 shs ($13K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 415 | $32.01 | $13K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,378 shares (Direct);
Common Stock — 222 shares (Indirect, ESOP)
Key Figures
Shares sold: 415 shares
Sale price per share: $32.01 per share
Direct holdings after transaction: 4,378 shares
+2 more
5 metrics
Shares sold
415 shares
Sale of Southside Bancshares common stock on September 11, 2026
Sale price per share
$32.01 per share
Price reported for the September 11, 2026 sale transaction
Direct holdings after transaction
4,378 shares
Common stock directly owned by the COO following the sale
Indirect ESOP holdings after transaction
222 shares
Common stock indirectly owned through ESOP after the transaction
Net shares sold
415 shares
Net share change across reported buy/sell transactions in this Form 4
Key Terms
Sale in open market or private transaction, ESOP, Rule 10b5-1
3 terms
Sale in open market or private transaction financial
"transaction described as a sale in open market or private transaction"
ESOP financial
"222 shares indirectly through an ESOP position"
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.
Rule 10b5-1 regulatory
"no Rule 10b5-1 trading plan is reported for the transactions"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SBSI report for Chief Operating Officer John Mitchell Craddock Jr.?
He sold 415 shares of Southside Bancshares common stock on September 11, 2026 in a transaction described as a sale in an open market or private transaction at $32.01 per share.
Was the SBSI insider sale made under a Rule 10b5-1 trading plan?
No. The filing indicates the Rule 10b5-1 checkbox is not marked, so no Rule 10b5-1 trading plan is reported for the transactions disclosed.
Does the Form 4 show any derivative securities for SBSI held by the COO?
No. The filing’s derivative section is empty, indicating no derivative securities transactions or positions are reported in this Form 4 for John Mitchell Craddock Jr.
AI-generated analysis. How Rhea-AI works. Not financial advice.