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Southside Bancshares (NASDAQ: SBSI) director awarded additional shares

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

Rhea-AI Filing Summary

BOSWORTH MICHAEL J reported acquisition or exercise transactions in this Form 4 filing.

Southside Bancshares director Michael J. Bosworth received 24 shares of common stock on March 5, 2026 as a grant tied to dividend equivalent rights on his restricted stock units, at a stated price of $0 per share. This award increased his direct holdings to 82,900 common shares. He also holds an additional 16,179 common shares indirectly through Bosworth & Associates Inc.

Positive

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Negative

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Insider BOSWORTH MICHAEL J
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 24 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 82,900 shares (Direct); Common Stock — 16,179 shares (Indirect, Bosworth & Associates Inc)
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*
BOSWORTH MICHAEL J

(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)
03/05/2026
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 03/05/2026 A 24(1) A $0 82,900 D
Common Stock 16,179 I Bosworth & Associates Inc
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 03/09/2026
** 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 SBSI director Michael J. Bosworth report?

Michael J. Bosworth reported acquiring 24 shares of Southside Bancshares common stock. The acquisition reflects dividend equivalent rights received on his restricted stock units and was recorded at a price of $0 per share as a grant or award.

How many Southside Bancshares (SBSI) shares does Michael J. Bosworth now own directly?

After the reported grant, Michael J. Bosworth directly holds 82,900 shares of Southside Bancshares common stock. This figure represents his total direct ownership following the 24-share dividend equivalent award reported on March 5, 2026.

What is the nature of the 24-share award reported in the SBSI Form 4?

The 24-share award represents dividend equivalent rights from a cash dividend on restricted stock units held by Michael J. Bosworth. These dividend equivalents carry the same terms and conditions as the underlying RSUs and are reported as a grant or other acquisition.

Does Michael J. Bosworth hold any indirect SBSI shares?

Yes. In addition to his direct holdings, Michael J. Bosworth has 16,179 Southside Bancshares shares reported as indirectly owned. These indirect shares are held through Bosworth & Associates Inc., as disclosed in the ownership information.

What transaction code was used for Michael J. Bosworth’s SBSI share award?

The transaction used code A, which indicates a grant, award, or other acquisition of securities. This code reflects that the 24 Southside Bancshares common shares were received as a non-cash award rather than purchased in the open market.