GIBSON LEE R

GIBSON LEE R, President and CEO of Southside Bancshares (SBSI), has demonstrated a clear selling bias in recent years, with $633,480 in total sales outweighing $394,621 in purchases across 24 transactions. The most significant activity occurred on March 4, 2024, when Gibson sold $450,932 worth of SBSI shares while acquiring $394,621 through market purchases—a net reduction in position. Since then, Gibson has executed only smaller, routine transactions, primarily involving the exercise of derivative securities (code F filings) with values ranging from $9,115 to $35,210. The most recent trade, a $29,730 sale on March 17, 2026, continues this pattern of modest dispositions without offsetting buys. Gibson’s transactions show a concentrated focus on SBSI, with no trades in other companies. The activity suggests a gradual unwinding of positions rather than abrupt changes—most sales and derivative exercises occur in February and March, possibly tied to vesting schedules or tax planning. While the 2024 market purchase indicates some retention of equity exposure, the overall trend leans toward reducing holdings, with no open-market buys recorded since that transaction. The derivative exercises, though technically acquisitions, represent conversions of existing rights rather than new investments, further reinforcing the net selling bias.