Southside Bancshares CAO granted 33 shares
Southside Bancshares’ Chief Accounting Officer received additional stock via RSU dividend equivalents and now holds direct and ESOP-based SBSI shares.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Southside Bancshares, Inc. (SBSI) reported that its Chief Accounting Officer, April Pinkley, received a grant of 33 shares of common stock on September 3, 2026, as dividend equivalent rights tied to existing RSUs. Following this award, she holds 4,322 shares directly and 2,333 shares indirectly through an ESOP, which includes shares acquired under the company’s Dividend Reinvestment Program. No Rule 10b5-1 trading plan is reported.
Insider Trade Summary
Grant/Award: 33 shares
Grant/Award
1 txn
Insider
PINKLEY APRIL
Role
CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 33 | $0.00 | $0.00 |
| Holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,322 shares (Direct);
Common Stock — 2,333 shares (Indirect, ESOP)
Holdings Before and After:
Common Stock, 4,289 to 4,322 shares (Direct)
Footnotes (2)
- 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.
Key Figures
Shares granted as dividend equivalent rights: 33 shares
Direct common stock holdings after transaction: 4,322 shares
Indirect ESOP holdings after transaction: 2,333 shares
+1 more
4 metrics
Shares granted as dividend equivalent rights
33 shares
Grant/award acquisition on September 3, 2026 tied to RSUs
Direct common stock holdings after transaction
4,322 shares
Direct ownership by CAO April Pinkley following the September 3, 2026 award
Indirect ESOP holdings after transaction
2,333 shares
Indirect ownership through ESOP, including Dividend Reinvestment Program shares
Rule 10b5-1 plan status
No Rule 10b5-1 plan reported
Affirmative checkbox for Rule 10b5-1 trading plan is not selected
Key Terms
dividend equivalent rights, RSUs, Dividend Reinvestment Program, ESOP
4 terms
dividend equivalent rights financial
"Reflects dividend equivalent rights received pursuant to a cash dividend on RSUs"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
RSUs financial
"cash dividend on RSUs held by the reporting person"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Dividend Reinvestment Program financial
"Includes shares acquired under the Company's Dividend Reinvestment Program"
A dividend reinvestment program lets investors automatically use cash dividends to buy more shares of the same company instead of taking the money as cash. Think of it like an automatic savings plan that turns small payouts into additional ownership, often including fractional shares, which can speed up compound growth and reduce the need for manual buying decisions — a convenience that can boost long-term returns for shareholders.
ESOP financial
"Indirect ownership nature described as ESOP"
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SBSI disclose for April Pinkley on this Form 4?
Southside Bancshares (SBSI) disclosed that Chief Accounting Officer April Pinkley received a grant of 33 shares of common stock on September 3, 2026 as a dividend equivalent right related to RSUs she already holds.
Was the SBSI insider transaction made under a Rule 10b5-1 trading plan?
No. The filing for Southside Bancshares (SBSI) indicates that the Rule 10b5-1 checkbox is not selected, meaning no Rule 10b5-1 trading plan is reported for these transactions.
How are some of the CAO’s indirect SBSI holdings accumulated?
The Form 4 states that the 2,333 indirectly held shares in the ESOP for Southside Bancshares (SBSI) include shares acquired under the Company’s Dividend Reinvestment Program, where dividends are reinvested in additional shares.
Does this SBSI Form 4 report any insider stock sales?
No. The Form 4 for Southside Bancshares (SBSI) reports a grant/award acquisition of 33 shares and shows updated holdings, but it does not report any stock sales or dispositions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
