Southside Bancshares COO acquires 55 shares
COO John Mitchell Craddock Jr. received additional Southside Bancshares stock via a dividend-related RSU award, modestly increasing his reported holdings.
Rhea-AI Filing Summary
SOUTHSIDE BANCSHARES INC (SBSI) reported that Chief Operating Officer John Mitchell Craddock Jr. acquired 55 shares of Common Stock on September 3, 2026 through a grant of dividend equivalent rights tied to existing RSUs, at no cash price. Following this award, he holds 4,926 shares directly and 222 shares indirectly through an ESOP, which include shares obtained under the company’s Dividend Reinvestment Program. No Rule 10b5-1 trading plan is reported.
Positive
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Negative
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Insider Trade Summary
Grant/Award: 55 shares
Grant/Award
2 txns
Insider
Craddock John Mitchell Jr.
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 55 | $0.00 | $0.00 |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,926 shares (Direct);
Common Stock — 222 shares (Indirect, ESOP)
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 acquired via dividend equivalent rights: 55 shares
Direct Common Stock holdings after transaction: 4,926 shares
Indirect ESOP holdings after transaction: 222 shares
+1 more
4 metrics
Shares acquired via dividend equivalent rights
55 shares
Grant/award of Common Stock on September 3, 2026
Direct Common Stock holdings after transaction
4,926 shares
Held directly by COO John Mitchell Craddock Jr. after September 3, 2026 award
Indirect ESOP holdings after transaction
222 shares
Indirect ownership through ESOP, including Dividend Reinvestment Program shares
Reported price per share for award
$0.00 per share
Dividend equivalent rights grant on September 3, 2026
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
"rights received pursuant to a 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
"222.0000 indirect ownership with nature of ownership 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 report for COO John Mitchell Craddock Jr.?
SOUTHSIDE BANCSHARES INC reported that COO John Mitchell Craddock Jr. acquired 55 shares of Common Stock on September 3, 2026 via dividend equivalent rights related to RSUs, at a reported price of $0.00 per share.
Was the SBSI COO’s September 3, 2026 acquisition made under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as an affirmative plan, indicating no Rule 10b5-1 trading plan is reported for the September 3, 2026 dividend equivalent rights award.
AI-generated analysis. How Rhea-AI works. Not financial advice.
