Southside Bancshares exec awarded 55 shares
Southside Bancshares’ chief lending officer received 55 dividend-equivalent shares tied to RSUs, bringing his direct holdings to 8,543 shares.
Rhea-AI Filing Summary
SOUTHSIDE BANCSHARES INC (symbol: SBSI) is the issuer of record for a Form 4 filing submitted to the SEC. Burchard Curtis reported acquisition or exercise transactions in this Form 4 filing.
SOUTHSIDE BANCSHARES INC (SBSI) reported that Chief Lending Officer Curtis Burchard received an award of 55 shares of common stock on September 3, 2026 as dividend equivalent rights tied to existing restricted stock units, with no cash price per share. Following this award, he held 8,543 common shares directly and 222 shares indirectly through the company’s employee stock ownership and dividend reinvestment programs. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 55 shares
Grant/Award
2 txns
Insider
Burchard Curtis
Role
CHIEF LENDING OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 55 | $0.00 | $0.00 |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 8,543 shares (Direct);
Common Stock — 222 shares (Indirect, ESOP)
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
Dividend-equivalent shares awarded: 55 shares
Direct common shares after award: 8,543 shares
Indirect common shares in plans: 222 shares
+1 more
4 metrics
Dividend-equivalent shares awarded
55 shares
Common stock awarded on September 3, 2026 as dividend equivalent rights
Direct common shares after award
8,543 shares
Direct holdings of Curtis Burchard following the September 3, 2026 award
Indirect common shares in plans
222 shares
Indirect holdings through the company’s employee stock ownership and Dividend Reinvestment Program
Award price per share
$0.00 per share
Reported cash amount per share for the 55-share dividend equivalent award
Key Terms
dividend equivalent rights, restricted stock units, Dividend Reinvestment Program, employee stock ownership
4 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.
restricted stock units financial
"cash dividend on RSUs held by the reporting person"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
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.
employee stock ownership financial
"Includes shares acquired under the Company's Dividend Reinvestment Program"
Employee stock ownership is when workers hold a portion of a company’s shares, either by buying stock or through workplace plans that grant shares over time. For investors it matters because employee owners tend to have incentives that align with long-term company performance—like staff at a small shop who benefit when the business does well—while widespread employee ownership can also affect share supply and corporate decision-making.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SBSI disclose for Chief Lending Officer Curtis Burchard?
SBSI disclosed that on September 3, 2026, Chief Lending Officer Curtis Burchard received an award of 55 shares of common stock as dividend equivalent rights related to restricted stock units, with no cash paid per share.
Was the SBSI insider award to Curtis Burchard part of a Rule 10b5-1 trading plan?
No. The Form 4 indicates that no Rule 10b5-1 trading plan is associated with the reported transactions for Curtis Burchard.
AI-generated analysis. How Rhea-AI works. Not financial advice.
