Martinez Anne 4

What Happened Anne Martinez, Chief Risk Officer of Southside Bancshares, had 176 shares withheld to satisfy a tax obligation related to an equity award or option exercise. The reported per-share value was $33.63, for a total value of about $5,919. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-06-20; Form 4 filed: 2026-06-22 (appears timely — within the typical 2-business-day reporting window).
• Shares withheld/disposed: 176 at $33.63 each; total value reported ≈ $5,919.
• Transaction code: F — "Payment of exercise price or tax liability" (shares surrendered/withheld to cover taxes).
• Shares owned after the transaction: not disclosed in the provided filing summary.
• Filing timeliness: no late‑filing indication in the summary provided.

Context Code F transactions typically reflect net-share settlement or shares surrendered to cover tax withholding after an option exercise or vesting of restricted stock. Because shares were withheld rather than sold on the open market, this is generally a routine administrative action and not a direct signal of the insider’s market view.