Arnold T L Jr 4
Research Summary
AI-generated summary
SBSI CCO Arnold T L Jr Sells 196 Shares for Tax Withholding
What Happened
Arnold T L Jr, Chief Compliance Officer of Southside Bancshares, disposed of 196 shares on Feb 6, 2026 to satisfy a tax liability. The shares were disposed at $33.55 each, generating approximately $6,576. This was a tax-withholding/share disposition (routine) rather than an open-market sell for investment reasons.
Key Details
- Transaction date: 2026-02-06; Filing date (Form 4): 2026-02-10 (filed within the required two-business-day window).
- Transaction type/code: F — Payment of exercise price or tax liability (shares withheld/disposed to cover taxes).
- Shares disposed: 196 at $33.55 per share; total value ≈ $6,576.
- Shares owned after the transaction: not specified in the supplied filing summary.
- Notable: Code F indicates tax withholding (commonly a “sell-to-cover” after vesting or option exercise); the filing does not state whether an option exercise or award vesting occurred concurrently.
Context
Tax-withholding disposals are routine and typically reflect tax obligations from vested awards or option exercises rather than a directional bet on the company. Such transactions are common among insiders and don’t necessarily signal a change in confidence.