STOCK TITAN

Southside Bancshares director granted 30 shares

Director Preston L. Smith received 30 Southside Bancshares common shares as dividend-equivalent rights tied to existing restricted stock units.

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

SOUTHSIDE BANCSHARES INC (symbol: SBSI) is the issuer of record for a Form 4 filing submitted to the SEC. SMITH PRESTON L reported acquisition or exercise transactions in this Form 4 filing.

Southside Bancshares Inc (SBSI) reported that director Preston L. Smith received an award of 30 shares of common stock on September 3, 2026 as dividend equivalent rights on restricted stock units he holds. These dividend equivalent rights are subject to the same terms and conditions as the underlying restricted stock units.

After this award, Smith held 23,122 shares of common stock directly and 1,430 shares indirectly through his spouse. No transactions in this report are stated to have been made under a Rule 10b5-1 trading plan.

Positive

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Negative

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Insider SMITH PRESTON L
Role Director
Type Security Shares Price Value
Grant/Award Common Stock F1 30 $0.00 $0.00
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 23,122 shares (Direct); Common Stock — 1,430 shares (Indirect, Spouse)
Footnotes (1)
  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.
Common shares acquired 30 shares Grant of dividend equivalent rights on September 3, 2026
Award price per share $0.00 per share Grant of dividend equivalent rights on restricted stock units
Direct common shares after award 23,122 shares Shares held directly by Preston L. Smith after September 3, 2026 award
Indirect common shares via spouse 1,430 shares Shares held indirectly through spouse as reported in the filing
dividend equivalent rights financial
"Reflects dividend equivalent rights received pursuant to a cash dividend on RSUs held"
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.
cash dividend financial
"Reflects dividend equivalent rights received pursuant to a cash dividend on RSUs held"
A cash dividend is a payment made by a company to its shareholders directly in money, usually on a regular schedule. It is a way for investors to receive a portion of the company's profits, similar to earning interest or a bonus for holding the company's stock. Cash dividends provide income to shareholders and can indicate the company's financial health and stability.
RSUs financial
"rights received pursuant to a 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did SBSI director Preston L. Smith report on this Form 4?

He reported an acquisition of 30 shares of Southside Bancshares common stock on September 3, 2026. The shares represent dividend equivalent rights credited on restricted stock units he already holds and are subject to the same terms as those underlying units.

At what price were the 30 SBSI shares acquired by Preston L. Smith?

The 30 shares were acquired at a stated price of $0.00 per share, reflecting a grant of dividend equivalent rights rather than an open-market purchase. These rights arose from a cash dividend on restricted stock units held by the reporting person.

How many SBSI shares does Preston L. Smith hold after this reported transaction?

After the reported award, Preston L. Smith holds 23,122 shares of Southside Bancshares common stock directly. He also is reported as having 1,430 shares held indirectly through his spouse as of the same report.

What are the dividend equivalent rights mentioned in the SBSI Form 4 filing?

Dividend equivalent rights in this filing are additional share credits received because of a cash dividend on restricted stock units. The filing states these rights are subject to the same terms and conditions as the underlying restricted stock units.

Were Preston L. Smith’s SBSI transactions made under a Rule 10b5-1 trading plan?

The filing indicates that no Rule 10b5-1 trading plan applies to the reported transactions. The document-level checkbox for such a plan is not marked as being in effect for these awards.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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*
SMITH PRESTON L

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

(Street)
TYLER TEXAS 75701

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
SOUTHSIDE BANCSHARES INC [ SBSI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/03/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock09/03/2026A30(1)A$023,122D
Common Stock1,430ISpouse
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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:
See attached Power of Attorney- EX-24.
Lindsey Bibby Bailes, attorney in fact09/08/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

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