SOUTHSIDE BANCSHARES INC·4

Feb 10, 3:38 PM ET

GIBSON LEE R 4

Research Summary

AI-generated summary

Updated

Southside Bancshares (SBSI) Director Lee R. Gibson Sells 556 Shares

What Happened

  • Lee R. Gibson, a director of Southside Bancshares Inc. (SBSI), disposed of 556 shares on Feb 6, 2026. The transaction is reported as payment of exercise price or tax liability (code F), with a reported price of $33.55 per share for a total of $18,654. This was a shares‑withheld disposition to satisfy tax obligations—not an open‑market sale.

Key Details

  • Transaction date: 2026-02-06; Filing date: 2026-02-10.
  • Price per share: $33.55; Total value: $18,654 (556 shares).
  • Transaction code: F — payment of exercise price or tax liability (shares withheld/used to cover taxes).
  • Shares owned after the transaction: not specified here; see the Form 4 for the insider’s post-transaction holdings.
  • No 10b5-1 plan or late‑filing flag noted in the summary provided; check the full filing for any footnotes or timeliness annotations.

Context

  • Code F typically indicates routine tax withholding following an option exercise or vesting of restricted stock; it generally does not reflect a directional view of the company. For retail investors, tax‑withholding dispositions are common and usually administrative rather than a signal of insider sentiment.