Southside Bancshares (SBSI) director reports 27-share award and holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SMITH PRESTON L reported acquisition or exercise transactions in this Form 4 filing.
Southside Bancshares Inc. director Preston L. Smith reported an award of 27 shares of common stock on March 5, 2026. These shares reflect dividend equivalent rights received from a cash dividend on restricted stock units (RSUs) he holds, and carry the same terms as the underlying RSUs.
After this grant, Smith directly owns 20,496 shares of Southside Bancshares common stock. He also has indirect ownership of 1,430 shares through his spouse, reported separately as indirect beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
SMITH PRESTON L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 27 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 20,496 shares (Direct);
Common Stock — 1,430 shares (Indirect, Spouse)
Footnotes (1)
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FAQ
What insider transaction did SBSI director Preston L. Smith report?
Preston L. Smith reported receiving an award of 27 shares of Southside Bancshares common stock. The award reflects dividend equivalent rights credited from a cash dividend on RSUs he holds, and follows the same terms as those underlying RSUs.
What are dividend equivalent rights in the SBSI Form 4 filing?
Dividend equivalent rights are additional share credits granted when a cash dividend is paid on RSUs. In this case, Smith received 27 common shares as dividend equivalent rights, and these rights are subject to the same terms and conditions as the underlying RSUs.
Does the SBSI Form 4 show any stock sales by Preston L. Smith?
The Form 4 does not report any stock sales by Preston L. Smith. It records an acquisition of 27 common shares through a grant tied to dividend equivalent rights on RSUs, along with updated direct and indirect share ownership totals.