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.
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
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 30 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (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.
Key Figures
Key Terms
dividend equivalent rights financial
cash dividend financial
RSUs financial
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?
What are the dividend equivalent rights mentioned in the SBSI Form 4 filing?
Were Preston L. Smith’s SBSI transactions made under a Rule 10b5-1 trading plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.