IBOC INTERNATIONAL BANCSHARES CORP Insider Trading

Director Sanchez sells 120,000 IBOC shares for $8,311,200 over two days at blended avg $69.26; retains 447,439 shares

Director Antonio R Sanchez Jr executed two separate sales totaling 120,000 shares for $8,311,200 on August 14–15, 2025, at an average price of $69.26—near the current price of $68.28 and within the 52-week range of $56.40–$75.11. The sale reduced his stake by 21.1%, from 567,439 to 447,439 shares. Across his 5 prior IBOC trades, Sanchez has not exhibited well-timed sell patterns: 0 of 5 prior sells showed negative 90-day returns, meaning the stock rose after each of those sales. His broader cross-ticker history (11 prior sells) shows an average 90-day return of +9.0% following his sales and a 0.00% well-timed rate, indicating his sales have historically missed subsequent gains. IBOC trades at a P/E of 10.30 on net income of $100.1M and a market cap of $4.2B, providing fundamental context but not explaining the timing or motivation of this particular transaction.

CEO Dennis E Nixon sells 100,000 IBOC shares (10% reduction) at $71.72 avg for $7.2M

CEO Dennis E Nixon executed two separate sales totaling 100,000 shares (100.0K shares) on 2024-11-12 and 2024-11-13, reducing his holdings from 1,000,000 shares to 900,000 shares at a blended average price of $71.72. The stock currently trades at $71.85, near its 52-week high of $73.08, and has appreciated 13.2% over 30 days and 19.4% over 90 days. With a P/E of 11.16 and strong recent momentum, the timing of a 10% position reduction by the CEO warrants investor attention to understand the motivation—whether driven by liquidity needs, portfolio rebalancing, or other considerations. No scheduled trading plan or private placement context is indicated, leaving the discretionary nature of these sales as a notable data point for monitoring.