Anne Martinez (CRO) Reports 29 RSU Dividend-Equivalent Shares on SBSI Form 4
Rhea-AI Filing Summary
Anne Martinez, Chief Risk Officer of Southside Bancshares, Inc. (SBSI), reported a non-derivative acquisition on 09/04/2025 converting 29 dividend-equivalent rights into common stock at no cash price, reflecting dividend equivalents paid on restricted stock units. After the reported transaction, Ms. Martinez directly beneficially owns 6,337 shares of SBSI common stock.
She also discloses indirect holdings of 2,965 shares in a 401(k), 2,548 shares in an ESOP, and 303 shares in a spouse IRA. The Form 4 was signed by an attorney-in-fact on 09/08/2025. The filing records the transaction as an issuance tied to dividend equivalents on RSUs and provides no information on any derivative instruments or cash purchases.
Positive
- Timely disclosure of insider transaction with attorney-in-fact signature dated 09/08/2025
- Clear identification of reporting person and role as CRO
- Specific breakdown of direct and indirect holdings (6,337 direct; 2,965 401k; 2,548 ESOP; 303 spouse IRA)
Negative
- None.
Insights
TL;DR: Routine insider conversion of dividend equivalents into 29 shares; disclosure increases transparency but appears non-material.
The Form 4 shows a small, non-cash issuance of 29 shares as dividend equivalents on RSUs, bringing direct ownership to 6,337 shares. This type of entry is typically a bookkeeping conversion tied to equity compensation rather than an active market purchase or sale. No derivative positions or priced transactions are reported here, and indirect retirement-related holdings are separately disclosed.
TL;DR: Proper Section 16 reporting of equity compensation-related issuance; signatures and role are clearly disclosed.
The filing identifies the reporting person as the issuer's CRO and includes an attorney-in-fact signature dated 09/08/2025. The report documents the nature of the shares (dividend equivalent rights on RSUs) and itemizes direct and indirect holdings (401k, ESOP, spouse IRA). From a governance standpoint, the Form 4 meets standard disclosure expectations for insider equity conversions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 29 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
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 and shares acquired through monthly payroll contributions. Includes shares acquired under the Company's Dividend Reinvestment Program.
