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Southside Bancshares (SBSI) director reports RSU dividend-equivalent share accrual

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Southside Bancshares, Inc. insider reports small stock accrual from dividends. A director of Southside Bancshares reported acquiring 19 shares of common stock of the company on 12/04/2025 at a price of $0. After this transaction, the director beneficially owns 16,823 shares directly and 1,063 shares indirectly through an IRA. The filing explains that these additional shares reflect dividend equivalent rights credited on restricted stock units, meaning the dividends paid on underlying RSUs were converted into additional share-based rights under the same terms as the original awards.

Positive

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Negative

  • None.
Insider Calhoun Kirk A.
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 19 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 16,823 shares (Direct); Common Stock — 1,063 shares (Indirect, IRA)
Footnotes (1)
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SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Calhoun Kirk A.

(Last) (First) (Middle)
1201 S. BECKHAM AVE

(Street)
TYLER TX 75701

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SOUTHSIDE BANCSHARES INC [ SBSI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
12/04/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/04/2025 A 19(1) A $0 16,823 D
Common Stock 1,063 I IRA
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
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.
Remarks:
Lindsey Bibby Bailes, attorney in fact 12/08/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Southside Bancshares (SBSI) report in this Form 4?

The filing reports that a director of Southside Bancshares, Inc. acquired 19 shares of common stock on 12/04/2025 at a price of $0, reflecting additional equity credited to the insider.

How many Southside Bancshares (SBSI) shares does the insider own after this transaction?

Following the reported transaction, the director beneficially owns 16,823 shares of Southside Bancshares common stock directly and 1,063 shares indirectly through an IRA.

Why were 19 Southside Bancshares (SBSI) shares acquired at a price of $0?

The 19 shares represent dividend equivalent rights received due to a cash dividend on RSUs held by the reporting person. These rights are subject to the same terms and conditions as the underlying restricted stock units.

What does the explanation about dividend equivalent rights mean for SBSI shareholders?

The explanation clarifies that when cash dividends are paid on RSUs, the insider receives additional dividend equivalent rights instead of cash, effectively increasing their share-based holdings under the same vesting and other conditions as the original RSUs.

What is the insiders relationship to Southside Bancshares (SBSI)?

The reporting person in this Form 4 is identified as a Director of Southside Bancshares, Inc., indicating a board-level role at the company.