SOUTHSIDE (SBSI) Chief Treasury Officer Suni M. Davis Sells 285 Shares

What Happened
Suni M. Davis, Chief Treasury Officer of Southside Bancshares, disposed of a total of 285 shares to satisfy tax withholding associated with an equity event. On 2026-02-01 she surrendered 195 shares at $32.19 for proceeds of $6,277, and on 2026-02-02 she surrendered 90 shares at $33.10 for $2,979 — total proceeds about $9,256. These transactions are listed as tax-withholding or payment-of-exercise-price (code F), not open-market investment sales.

Key Details

• Dates & prices:
  • 2026-02-01: 195 shares at $32.19, proceeds $6,277 (note: price reflects prior business day because transaction fell on a non-business day — F1).
  • 2026-02-02: 90 shares at $33.10, proceeds $2,979.
• Total shares surrendered: 285; total proceeds ≈ $9,256.
• Shares owned after the transactions: not stated in the summary filing provided.
• Footnotes:
  • F1: Non-business day pricing — price uses previous business day's close.
  • F2: Filing notes ownership totals include shares acquired under the company’s Dividend Reinvestment Program.
• Filing timeliness: Form 4 was filed on 2026-02-03 (appears to be filed within the standard 2-business-day window).

Context
Code F transactions are typically routine tax-withholding or exercise-price payments tied to option exercises or awards. Such disposals are administrative (to cover taxes) rather than straightforward market-timed sales, and therefore are usually not a strong signal of the insider’s view on the company’s outlook.