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 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- 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. Includes shares acquired under the company's Dividend Reinvestment Program and shares acquired through monthly payroll contributions. Includes shares acquired under the Company's Dividend Reinvestment Program.
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.