Arnold T L Jr 4
Research Summary
AI-generated summary
SBSI CCO Arnold T. L. Jr Receives PSU Award; 322 Shares Sold for Taxes
What Happened Arnold T. L. Jr, Chief Credit Officer of Southside Bancshares, received 1,328 shares on March 17, 2026 as the settlement of performance-based restricted stock units (PSUs). On the same date 322 shares were surrendered/disposed at $29.94 each to satisfy tax withholding obligations, generating proceeds of approximately $9,641. The PSU settlement was earned based on ROATCE performance goals and continued employment.
Key Details
- Transaction date: 2026-03-17 (filed 2026-03-18).
- Grant/award: 1,328 shares awarded (code A) at $0.00 (PSU settlement).
- Tax withholding/disposition: 322 shares disposed (code F) at $29.94, total ~$9,641.
- Shares owned after transaction: not specified in the provided filing.
- Footnote: PSUs were granted Feb 2, 2023 and vested based on ROATCE targets and the reporting person’s continued employment.
- Timeliness: Filing appears timely (reported the next day).
Context This was primarily a PSU settlement (an award) with a routine withholding/sale of a portion of shares to cover taxes. Such tax-withholding dispositions are administrative and do not necessarily reflect a change in the insider’s view of the company. Purchases or open-market sales are generally more informative about insider sentiment than award settlements or tax withholdings.