SBSI CFO receives 71-share stock award
Southside Bancshares CFO Julie Shamburger reported updated holdings of the company’s common stock.
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Form Type
4
Rhea-AI Filing Summary
Southside Bancshares CFO Julie Shamburger reported updated holdings of the company’s common stock. She received an award of 71 shares on June 1, 2026, recorded as a compensation-related acquisition and reflecting dividend equivalent rights tied to her RSUs.
After this award, she directly holds 32,674 shares of common stock. She also reports several indirect positions, including shares held in a spouse IRA, a personal IRA, an ESOP account, and a 401(k) SSB Trust, which together supplement her direct ownership.
Insider Trade Summary
Grant/Award: 71 shares
Grant/Award
5 txns
Insider
SHAMBURGER JULIE
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 71 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 32,674 shares (Direct);
Common Stock — 4,952 shares (Indirect, 401k SSB Trust);
Common Stock — 4,229 shares (Indirect, by ESOP);
Common Stock — 4,075 shares (Indirect, IRA);
Common Stock — 3,250 shares (Indirect, Spouse IRA)
Footnotes (2)
- 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.
- F2. Includes shares acquired under the Company's Dividend Reinvestment Program.
Key Figures
Awarded shares: 71 shares
Direct holdings after award: 32,674 shares
Spouse IRA holdings: 3,250 shares
+3 more
6 metrics
Awarded shares
71 shares
Grant, award, or other acquisition on June 1, 2026
Direct holdings after award
32,674 shares
Total common stock directly owned following transaction
Spouse IRA holdings
3,250 shares
Common stock held indirectly via spouse IRA
IRA holdings
4,075 shares
Common stock held indirectly via IRA
ESOP holdings
4,229 shares
Common stock held indirectly by ESOP
401k SSB Trust holdings
4,952 shares
Common stock held indirectly via 401k SSB Trust
Key Terms
Dividend equivalent rights, RSUs, Dividend Reinvestment Program, Spouse IRA, +1 more
5 terms
Dividend equivalent rights financial
"Reflects dividend equivalent rights received pursuant to a cash dividend on RSUs held by the reporting person."
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
"Dividend equivalent rights are subject to the same terms and conditions as the underlying RSUs."
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.
Spouse IRA financial
"nature_of_ownership: "Spouse IRA""
ESOP financial
"nature_of_ownership: "by 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SBSI CFO Julie Shamburger report?
Julie Shamburger reported receiving an award of 71 shares of Southside Bancshares common stock on June 1, 2026. The award reflects dividend equivalent rights on her restricted stock units and is classified as a compensation-related acquisition rather than an open-market purchase.
Is the SBSI CFO’s Form 4 transaction a market buy or sell?
The Form 4 shows a grant or award of 71 shares, not a market buy or sell. It is coded as a compensation-related acquisition and tied to dividend equivalent rights on RSUs, meaning no open-market trading decision is reported in this filing.
What do dividend equivalent rights mean in the SBSI CFO Form 4?
Dividend equivalent rights give RSU holders additional value when cash dividends are paid. In this case, the CFO received 71 extra shares because of a cash dividend on RSUs, and these rights are subject to the same terms and conditions as the underlying RSUs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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