GIBSON LEE R 4

What Happened

• Lee R. Gibson, CEO of Southside Bancshares Inc. (SBSI), disposed of a total of 1,160 shares in two transactions that were reported as tax-withholding dispositions. The trades were 747 shares at $32.19 (≈ $24,046) and 413 shares at $33.10 (≈ $13,670), for a combined value of roughly $37,716.
• These dispositions are coded "F" on the Form 4, indicating shares were surrendered or sold to satisfy tax withholding obligations (often tied to option exercises or RSU vesting), rather than a market-driven sell signal.

Key Details

• Transaction dates and prices:
  • 2026-02-01: 747 shares @ $32.19 = $24,046
  • 2026-02-02: 413 shares @ $33.10 = $13,670
• Total shares disposed: 1,160; total proceeds ≈ $37,716.
• Filing: Form 4 filed 2026-02-03 (appears timely based on standard two-business-day rule).
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Footnote: The filing notes that one transaction occurred on a non-business day, so the reported price reflects the previous business day's closing price.

Context

• Code F transactions typically reflect tax withholding (shares withheld or sold to cover taxes) following equity awards or option exercises. This is generally routine and does not necessarily indicate the insider's view on the company's stock.
• No purchase transactions or new grants were reported in this filing; these were dispositions to meet tax obligations.