[Form 4] Southside Bancshares, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Michael J. Bosworth, a director of Southside Bancshares, Inc. (SBSI), reported a transaction dated 09/04/2025 on Form 4. The filing shows the reporting person acquired 24 shares of common stock at a reported price of $0, which the filer explains represent dividend equivalent rights received in connection with restricted stock units (RSUs). The Form 4 lists 82,851 shares beneficially owned following the reported transaction in a direct ownership capacity and additionally discloses 16,179 shares held indirectly through Bosworth & Associates Inc. The form was signed on 09/08/2025 by Lindsey Bibby Bailes as attorney-in-fact.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine insider Form 4 reporting small dividend-equivalent issuance; no cash purchase or large ownership change disclosed.
The Form 4 documents a director-level recipient of 24 dividend-equivalent shares tied to RSUs, recorded at a $0 price, which is consistent with dividend-equivalent issuances rather than open-market purchases or option exercises. The filing separately discloses 82,851 shares owned directly after the transaction and 16,179 indirectly via Bosworth & Associates Inc. This is a standard disclosure of compensation-related equity and indirect holdings; it does not report a sale, a market purchase, or a derivative exercise that would materially alter outstanding insider ownership.
TL;DR: Administrative insider disclosure reflecting compensation mechanics, consistent with routine governance practices.
The report identifies the reporting person as a director and indicates the shares were issued as dividend equivalents on RSUs, subject to the same terms as the underlying awards. The presence of an indirect holding through Bosworth & Associates Inc is disclosed, and the document was executed by an attorney-in-fact. From a governance perspective, the filing complies with Section 16 reporting requirements and provides the necessary transparency on beneficial ownership changes tied to equity compensation.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 24 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
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. Includes shares acquired under the Company's Dividend Reinvestment Program.
