Southside Bancshares director acquires 19 shares
Director Lawrence L. Anderson reported a small RSU-related share accrual and updated direct and trust holdings in SBSI common stock.
Rhea-AI Filing Summary
SOUTHSIDE BANCSHARES INC (SBSI) reported that director Lawrence L. Anderson acquired 19 shares of common stock on September 3, 2026 as a grant of dividend equivalent rights tied to restricted stock units (RSUs), bringing his directly held stake to 5,512 shares. In addition, 15,929 shares are reported as indirectly owned through the Lawrence L Anderson Spousal Trust. No Rule 10b5-1 trading plan is reported for these holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 19 shares
Grant/Award
2 txns
Insider
ANDERSON LAWRENCE LAZELLE
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 19 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,512 shares (Direct);
Common Stock — 15,929 shares (Indirect, Lawrence L Anderson Spousal Trust)
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
Shares acquired as dividend equivalent rights: 19 shares
Direct common shares after transaction: 5,512 shares
Indirect common shares in spousal trust: 15,929 shares
+1 more
4 metrics
Shares acquired as dividend equivalent rights
19 shares
Grant tied to cash dividend on RSUs on September 3, 2026
Direct common shares after transaction
5,512 shares
Directly owned by Lawrence L. Anderson after September 3, 2026 grant
Indirect common shares in spousal trust
15,929 shares
Held indirectly through Lawrence L Anderson Spousal Trust as of September 3, 2026
Transaction price per share on RSU dividend equivalents
$0.00 per share
Grant/award of dividend equivalent rights on September 3, 2026
Key Terms
dividend equivalent rights, RSUs, indirect ownership
3 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.
indirect ownership financial
"Reported as indirectly owned through the Lawrence L Anderson Spousal Trust"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did SBSI director Lawrence L. Anderson report on this Form 4?
He reported an acquisition of 19 shares of Southside Bancshares common stock on September 3, 2026, received as dividend equivalent rights linked to restricted stock units, and updated his direct and indirect share holdings.
What indirect ownership in SBSI stock does the Form 4 disclose?
The filing discloses 15,929 shares of Southside Bancshares common stock held indirectly through the Lawrence L Anderson Spousal Trust as of September 3, 2026.
Was this SBSI insider transaction made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates that the Rule 10b5-1 checkbox is not marked, so no Rule 10b5-1 trading plan is reported in connection with these holdings and the RSU-related dividend equivalent grant.
AI-generated analysis. How Rhea-AI works. Not financial advice.