Southside Bancshares (SBSI) CRO reports 25-share RSU dividend credit on Form 4
Rhea-AI Filing Summary
Southside Bancshares, Inc. officer (CRO) reported a routine change in ownership of company stock on a Form 4. On 12/04/2025, the insider acquired 25 shares of common stock at a price of $0, reflecting dividend equivalent rights credited on restricted stock units (RSUs) rather than an open-market purchase.
After this transaction, the insider directly owns 8,449 shares of Southside Bancshares common stock. Additional indirect holdings include 3,126 shares in a 401(k) plan, 2,578 shares in an ESOP, and 303 shares held in a spouse’s IRA. The filing notes that some of these balances include shares acquired through the company’s Dividend Reinvestment Program and via monthly payroll contributions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 25 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. Reflects dividend equivalent rights received pursuant to a cash dividend on RSUs held by the reporting person. Dividend equivalent rights are subject to the same terms and conditions as the underlying RSUs.
- F2. Includes shares acquired under the company's Dividend Reinvestment Program and shares acquired through monthly payroll contributions.
- F3. Includes shares acquired under the Company's Dividend Reinvestment Program.
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FAQ
What did the SBSI insider report in this Form 4 filing?
The Southside Bancshares (SBSI) officer reported acquiring 25 shares of common stock on 12/04/2025, credited as dividend equivalent rights on existing RSUs.
Was the SBSI insider stock transaction an open-market purchase?
No. The 25 shares were received as dividend equivalent rights tied to RSUs, with a stated price of $0, not as a market purchase.