Southside Bancshares director granted 14 shares
Director Shannon Dacus received a small dividend-equivalent grant tied to existing RSUs, modestly increasing direct holdings in SBSI.
Rhea-AI Filing Summary
Southside Bancshares Inc (SBSI) reported that director Shannon Dacus acquired 14 shares of common stock-equivalent through a grant on September 3, 2026. These represent dividend equivalent rights credited in connection with a cash dividend on RSUs held, bringing the director's directly held position to 9,763 shares.
Positive
- None.
Negative
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Insider Trade Summary
Grant/Award: 14 shares
Grant/Award
1 txn
Insider
Dacus Shannon
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 14 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 9,763 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 held after transaction: 9,763 shares
+1 more
4 metrics
Shares acquired
14 shares
Grant of dividend equivalent rights on September 3, 2026
Price per share
$0.00 per share
Dividend equivalent rights grant to director
Shares held after transaction
9,763 shares
Director Shannon Dacus direct ownership post-grant
Transaction date
September 3, 2026
Date of dividend equivalent rights grant
Key Terms
dividend equivalent rights, RSUs, reporting person
3 terms
dividend equivalent rights financial
"Reflects dividend equivalent rights received pursuant to a cash dividend"
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.
reporting person regulatory
"RSUs held by the reporting person. Dividend equivalent rights"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SBSI disclose for Shannon Dacus?
SBSI disclosed that director Shannon Dacus received a grant of 14 common stock-equivalent dividend equivalent rights on September 3, 2026, tied to a cash dividend on RSUs held by the director.
Was the SBSI insider grant to Shannon Dacus made under a Rule 10b5-1 plan?
No. The filing indicates the Rule 10b5-1 checkbox is not marked, and the footnote only describes the grant as dividend equivalent rights related to a cash dividend on RSUs.
Does this SBSI Form 4 report any stock sales by Shannon Dacus?
No. The Form 4 reports only an acquisition of 14 dividend equivalent rights on common stock tied to RSUs; there are no sales or dispositions reported in this filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.