Southside Bancshares director awarded 14 shares
Director Raymond C. McKinney received 14 additional SBSI shares as dividend equivalents tied to his RSUs, bringing his direct holdings to 1,274 shares.
Rhea-AI Filing Summary
SOUTHSIDE BANCSHARES INC (SBSI) director Raymond C. McKinney reported an acquisition of 14 shares of common stock on September 3, 2026. The shares reflect dividend equivalent rights received on his existing RSUs in connection with a cash dividend and are subject to the same terms as those RSUs. Following this award, he directly holds 1,274 shares of common stock. No Rule 10b5-1 trading plan is reported for this transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 14 shares
Grant/Award
1 txn
Insider
McKinney Raymond C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 14 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 1,274 shares (Direct)
Footnotes (1)
- 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.
Key Figures
Shares acquired: 14 shares
Price per share: $0.00 per share
Shares owned after transaction: 1,274 shares
+1 more
4 metrics
Shares acquired
14 shares
Grant/award acquisition on September 3, 2026 as dividend equivalent rights
Price per share
$0.00 per share
Reported for the 14-share grant/award acquisition
Shares owned after transaction
1,274 shares
Direct holdings of common stock following the September 3, 2026 transaction
Transaction date
September 3, 2026
Date of the grant/award acquisition transaction reported on Form 4
Key Terms
dividend equivalent rights, RSUs, Rule 10b5-1 trading plan
3 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.
Rule 10b5-1 trading plan regulatory
"No Rule 10b5-1 trading plan is reported for this transaction"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SBSI director Raymond C. McKinney report?
He reported an acquisition of 14 shares of SOUTHSIDE BANCSHARES INC common stock on September 3, 2026. The shares represent dividend equivalent rights credited on RSUs he already holds and are subject to the same terms as those RSUs.
Was the SBSI insider transaction by Raymond C. McKinney a market purchase or sale?
It was not a market purchase or sale. The Form 4 shows a code A transaction for grant/award acquisition of 14 shares as dividend equivalent rights on RSUs, at a reported price of $0.00 per share.
Was Raymond C. McKinney’s SBSI Form 4 transaction under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is marked false, so no Rule 10b5-1 trading plan is reported in connection with this grant of dividend equivalent rights.
AI-generated analysis. How Rhea-AI works. Not financial advice.