Southside Bancshares CEO granted 158 shares
Southside Bancshares’ president and CEO received additional shares via dividend-equivalent RSU credits, modestly increasing his reported holdings.
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Form Type
4
Rhea-AI Filing Summary
SOUTHSIDE BANCSHARES INC (SBSI) reported that President and CEO Keith Donahoe acquired 158 shares of common stock on September 3, 2026 as a grant/award at $0.00 per share. These represent dividend equivalent rights credited on RSUs he holds, and bring his directly held shares to 20,693.
In addition, he holds 852 shares of common stock indirectly through an ESOP, which include shares acquired under the company’s Dividend Reinvestment Program.
Insider Trade Summary
Grant/Award: 158 shares
Grant/Award
1 txn
Insider
Donahoe Keith
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 158 | $0.00 | $0.00 |
| Holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 20,693 shares (Direct);
Common Stock — 852 shares (Indirect, ESOP)
Holdings Before and After:
Common Stock, 20,535 to 20,693 shares (Direct)
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
Shares acquired via dividend equivalent rights: 158 shares
Direct common shares after transaction: 20,693 shares
Indirect ESOP common shares: 852 shares
+1 more
4 metrics
Shares acquired via dividend equivalent rights
158 shares
Grant/award of common stock on September 3, 2026 tied to RSU dividend equivalents
Direct common shares after transaction
20,693 shares
Direct holdings of Keith Donahoe following the September 3, 2026 award
Indirect ESOP common shares
852 shares
Indirect holdings through ESOP, including shares from Dividend Reinvestment Program
Grant price per share
$0.00 per share
Compensation-related acquisition of 158 common shares on September 3, 2026
Key Terms
dividend equivalent rights, RSUs, Dividend Reinvestment Program, ESOP
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.
RSUs financial
"rights received pursuant to a 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.
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.
ESOP financial
"Indirect ownership nature reported as 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 report for President and CEO Keith Donahoe?
Keith Donahoe received a grant of 158 shares of Southside Bancshares common stock on September 3, 2026. The award reflects dividend equivalent rights on RSUs he holds and was recorded at $0.00 per share as a compensation-related acquisition.
What are the dividend equivalent rights mentioned in the SBSI Form 4?
The filing states that the 158 shares reflect dividend equivalent rights received pursuant to a cash dividend on RSUs held by Keith Donahoe. These dividend equivalent rights are subject to the same terms and conditions as the underlying RSUs.
What indirect SBSI holdings does Keith Donahoe report?
Keith Donahoe reports 852 shares of Southside Bancshares common stock held indirectly through an ESOP. A footnote explains this amount includes shares acquired under the company’s Dividend Reinvestment Program, indicating reinvested dividends increased his ESOP position.
Was the SBSI insider transaction made under a Rule 10b5-1 trading plan?
No. The document-level indicator shows no Rule 10b5-1 plan is reported for these transactions. The shares represent a grant of dividend equivalent rights and an updated ESOP holding, not open-market purchases or sales under a trading program.
AI-generated analysis. How Rhea-AI works. Not financial advice.
