Arnold T L Jr 4

What Happened

• Arnold T L Jr, Chief Compliance Officer of Southside Bancshares Inc. (SBSI), had 382 shares withheld to cover tax obligations related to a prior equity award/exercise. The filing shows 255 shares withheld at $32.19 on 2026-02-01 ($8,208) and 127 shares withheld at $33.10 on 2026-02-02 ($4,204), for a combined value of $12,412. These were not open-market sales but share-withholdings for tax payment (transaction code F).

Key Details

• Dates and prices:
  • 2026-02-01: 255 shares at $32.19 — $8,208 (price reflects prior business day close per footnote)
  • 2026-02-02: 127 shares at $33.10 — $4,204
• Total shares withheld: 382; total value: $12,412.
• Footnote: Price for the 2026-02-01 entry reflects the previous business day's closing price because the transaction occurred on a non-business day.
• Filing: Form 4 was filed on 2026-02-03 (reporting period 2026-02-01); this filing appears timely under standard Form 4 rules.
• Shares owned after transaction: not specified in the provided filing excerpt.

Context

• Code F indicates shares were used to satisfy tax withholding or to pay an exercise price — a routine administrative transaction that does not necessarily signal a view on the company’s prospects.
• This is different from an open-market sale (which can signal liquidity or sentiment); withheld shares are commonly part of option exercises or vesting events.