[Form 4] Southside Bancshares, Inc. Insider Trading Activity
Michael J. Bosworth, a director of Southside Bancshares, Inc. (SBSI), reported a transaction dated 09/04/2025 on Form 4.
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
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Negative
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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 | $0.00 |
| holding | Common Stock | -- | -- | -- |
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.
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