Director at Southside Bancshares (NASDAQ: SBSI) receives 93-share stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GIBSON LEE R reported acquisition or exercise transactions in this Form 4 filing.
Southside Bancshares Inc. director Lee R. Gibson reported a small stock award and updated holdings. He received 93 shares of common stock as a grant tied to dividend equivalent rights on restricted stock units, with no open-market buying or selling.
After this award, he directly holds 58,812 common shares and indirectly holds 40,567 shares through an IRA. The filing reflects routine, compensation-related share accrual rather than a discretionary trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
GIBSON LEE R
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 93 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 58,812 shares (Direct, null);
Common Stock — 40,567 shares (Indirect, IRA)
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. Reflects shares transferred from ESOP and 401K since last form filing.
Key Figures
Stock award: 93 shares
Direct holdings after award: 58,812 shares
Indirect IRA holdings: 40,567 shares
+1 more
4 metrics
Stock award
93 shares
Grant tied to dividend equivalent rights on RSUs
Direct holdings after award
58,812 shares
Common stock directly owned after transaction
Indirect IRA holdings
40,567 shares
Common stock held indirectly through IRA
Award price per share
$0.00 per share
Grant, award, or other acquisition (code A)
Key Terms
dividend equivalent rights, RSUs, IRA, ESOP, +1 more
5 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
"Dividend equivalent rights are subject to the same terms and conditions as the underlying RSUs"
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.
IRA financial
"Indirect ownership of 40,567.0000 common shares is reported as "IRA""
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
ESOP financial
"Reflects shares transferred from ESOP and 401K since last form filing"
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.
401K financial
"Reflects shares transferred from ESOP and 401K since last form filing"
An employer-sponsored retirement savings plan in the United States that lets workers set aside part of their paycheck into investments with tax advantages; some plans also include employer matching contributions, which is like free money added to your savings. It matters to investors because 401(k) balances represent a large pool of household retirement assets that influence personal financial security, investor behavior, and long-term demand for stocks and bonds.
