Southside Bancshares (SBSI) CFO updates insider holdings after RSU dividend shares
Rhea-AI Filing Summary
Southside Bancshares, Inc. CFO reports a routine share acquisition. A company officer filed a Form 4 disclosing the acquisition of 71 shares of common stock on 12/04/2025, recorded at a price of $0 because they were received as dividend equivalent rights tied to restricted stock units (RSUs). After this transaction, the officer beneficially owns 28,822 shares directly, along with additional indirect holdings through a 401(k) SSB Trust, an ESOP, an IRA, and a spouse’s IRA. The filing notes that these dividend equivalent rights follow the same terms and conditions as the underlying RSUs and that some of the total shares include amounts accumulated through the company’s Dividend Reinvestment Program.
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FAQ
What did Southside Bancshares (SBSI) disclose in this Form 4 filing?
The filing reports that the CFO of Southside Bancshares, Inc. acquired 71 shares of common stock on 12/04/2025, related to dividend equivalent rights on RSUs, and updates the total number of shares the officer beneficially owns in various accounts.
Who is the reporting person in the Southside Bancshares (SBSI) Form 4 and what is their role?
The reporting person is an officer of Southside Bancshares, Inc. with the title CFO, as indicated in the relationship section of the Form 4.
How many Southside Bancshares (SBSI) shares does the CFO own after the reported transaction?
After the transaction, the CFO beneficially owns 28,822 shares of common stock directly, plus additional indirect holdings including 4,843 shares through a 401k SSB Trust, 4,206 shares through an ESOP, 3,787 shares in an IRA, and 3,250 shares in a spouse’s IRA.
What is the nature of the 71 Southside Bancshares (SBSI) shares acquired by the CFO?
The 71 shares reflect dividend equivalent rights received from a cash dividend on RSUs held by the CFO. These dividend equivalents follow the same terms and conditions as the underlying RSUs and are shown at a price of $0 because they were granted, not purchased.
Does this Southside Bancshares (SBSI) Form 4 involve any derivative securities?
Table II for derivative securities is included in the form layout, but the provided content does not list any specific derivative security transactions, focusing instead on common stock and RSU-related dividend equivalents.
What additional information is given about Southside Bancshares (SBSI) share totals in this Form 4?
The explanation section states that the reported holdings include shares acquired under the Company's Dividend Reinvestment Program, and that dividend equivalent rights are subject to the same terms and conditions as the related RSUs.