Southside Bancshares (SBSI) regional president reports small stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Southside Bancshares Inc. regional president Jared C. Green reported an equity compensation update in the form of a small stock award. He received a grant of 18 shares of common stock at no cash cost, treated as a grant, award, or other acquisition.
After this grant, Green directly holds 5,432 shares of Southside Bancshares common stock. He also reports indirect holdings of 2,066 shares through an ESOP and 2,217 shares through a 401(k) plan as of the same date.
Footnotes explain that the award reflects dividend equivalent rights credited on restricted stock units (RSUs), and that some reported holdings include shares acquired under the company’s Dividend Reinvestment Program.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Green Jared C.
Role
Regional President, ETX
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 18 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,432 shares (Direct, null);
Common Stock — 2,217 shares (Indirect, 401k)
Footnotes (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. Includes shares acquired under the Company's Dividend Reinvestment Program.
Key Figures
Stock grant: 18 shares
Direct holdings after grant: 5,432 shares
ESOP indirect holdings: 2,066 shares
+1 more
4 metrics
Stock grant
18 shares
Grant, award, or other acquisition of common stock
Direct holdings after grant
5,432 shares
Common stock directly owned after transaction
ESOP indirect holdings
2,066 shares
Common stock held indirectly via ESOP as of transaction date
401(k) indirect holdings
2,217 shares
Common stock held indirectly via 401(k) as of transaction date
Key Terms
dividend equivalent rights, RSUs, Dividend Reinvestment Program, ESOP, +1 more
5 terms
dividend equivalent rights financial
"Reflects dividend equivalent rights received pursuant to a cash dividend on RSUs"
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.
RSUs financial
"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.
Dividend Reinvestment Program financial
"Includes shares acquired under the Company's Dividend Reinvestment Program"
A dividend reinvestment program lets investors automatically use cash dividends to buy more shares of the same company instead of taking the money as cash. Think of it like an automatic savings plan that turns small payouts into additional ownership, often including fractional shares, which can speed up compound growth and reduce the need for manual buying decisions — a convenience that can boost long-term returns for shareholders.
ESOP financial
"nature_of_ownership: "ESOP""
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
401k financial
"nature_of_ownership: "401k""
An employer-sponsored retirement savings plan in the United States that lets workers set aside part of their paycheck into investments with tax advantages; some plans also include employer matching contributions, which is like free money added to your savings. It matters to investors because 401(k) balances represent a large pool of household retirement assets that influence personal financial security, investor behavior, and long-term demand for stocks and bonds.
FAQ
What insider transaction did Jared C. Green report for SBSI?
Jared C. Green reported a small stock-based compensation event, receiving a grant of 18 shares of Southside Bancshares common stock at no cash cost. The filing classifies this as a grant, award, or other acquisition, not an open-market purchase or sale.
How does the Dividend Reinvestment Program affect Jared C. Green’s SBSI holdings?
The filing notes that some shares in Jared C. Green’s reported holdings include stock acquired under Southside Bancshares’ Dividend Reinvestment Program. This means certain dividends were automatically reinvested into additional shares instead of being paid entirely in cash to him.