Norton Larry A 4
4 · INTERNATIONAL BANCSHARES CORP · Filed May 22, 2026
Research Summary
AI-generated summary of this filing
International Bancshares (IBOC) Director Larry Norton Sells 10,000 Shares
What Happened
Larry A. Norton, a director of International Bancshares Corp (IBOC), reported the sale of 10,000 shares on May 21, 2026. The shares were disposed at $72.00 each for total gross proceeds of $720,000. The transaction is reported on a Form 4 filed May 22, 2026 and is listed as an open‑market or private sale (transaction code S).
Key Details
- Transaction date: 2026-05-21
- Price per share: $72.00
- Shares sold: 10,000 — Gross proceeds: $720,000
- Transaction type/code: S (sale); reported as "open market or private sale"
- Shares owned after transaction: Not specified in the provided filing summary (see full Form 4 for post-transaction holdings)
- Form 4 filed: 2026-05-22 (filed one day after the trade; appears timely)
- No 10b5‑1 plan, tax‑withholding, or other footnotes included in the provided summary
Context
This is a straightforward insider sale by a company director. Sales can reflect many reasons (liquidity needs, portfolio rebalancing, prearranged plans, etc.) and do not by themselves prove a change in the insider’s view of the company. For complete details and any footnotes, review the full Form 4 (Accession: 0001498441-26-000002).
Insider Transaction Report
- Sale
Common Stock
2026-05-21$72.00/sh−10,000$720,000→ 111,917 total(indirect: By Partnership)
- 656
Common Stock
- 274(indirect: By Spouse)
Common Stock