Southside Bancshares exec granted 28 shares
Southside Bancshares’ Chief Banking Officer received a small RSU-linked dividend equivalent share grant and now holds direct and ESOP-based SBSI shares.
Rhea-AI Filing Summary
SOUTHSIDE BANCSHARES INC (symbol: SBSI) is the issuer of record for a Form 4 filing submitted to the SEC. Anthony Sherri reported acquisition or exercise transactions in this Form 4 filing.
SOUTHSIDE BANCSHARES INC (SBSI) reports that Chief Banking Officer Sherri Anthony received a grant of 28 shares of Common Stock on September 3, 2026 as a dividend equivalent right tied to existing restricted stock units (RSUs). These rights follow the same terms and conditions as the underlying RSUs.
After this award, Anthony holds 4,291 shares of Common Stock directly and 714 shares indirectly through an ESOP account, which includes shares accumulated under the company’s Dividend Reinvestment Program. No transactions are reported as made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 28 shares
Grant/Award
2 txns
Insider
Anthony Sherri
Role
Chief Banking Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 28 | $0.00 | $0.00 |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,291 shares (Direct);
Common Stock — 714 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
Shares granted as dividend equivalent rights: 28 shares
Direct Common Stock holdings after transaction: 4,291 shares
Indirect ESOP Common Stock holdings: 714 shares
+1 more
4 metrics
Shares granted as dividend equivalent rights
28 shares
Grant on September 3, 2026 tied to RSUs held by the officer
Direct Common Stock holdings after transaction
4,291 shares
Direct ownership reported for Sherri Anthony following the award
Indirect ESOP Common Stock holdings
714 shares
Held indirectly through ESOP, including Dividend Reinvestment Program shares
Rule 10b5-1 plan usage
0 transactions under a Rule 10b5-1 plan
Document-level checkbox indicates no 10b5-1 trading plan
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
"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 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 Chief Banking Officer Sherri Anthony?
Sherri Anthony received a grant of 28 shares of Common Stock on September 3, 2026 as dividend equivalent rights on RSUs, meaning the award mirrors the terms and conditions of the underlying restricted stock units.
What indirect SBSI holdings does Sherri Anthony report on this Form 4?
The Form 4 shows 714 shares of Southside Bancshares Common Stock held indirectly through an ESOP account, and a footnote states this amount includes shares acquired under the Company’s Dividend Reinvestment Program.
Were Sherri Anthony’s SBSI transactions made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as using a trading plan, and no footnote states that the September 3, 2026 award occurred under a Rule 10b5-1 or similar pre-arranged plan.
What are dividend equivalent rights as reported for SBSI’s Chief Banking Officer?
The footnote explains that the 28-share grant reflects dividend equivalent rights received pursuant to a cash dividend on RSUs held, and that these dividend equivalent rights are subject to the same terms and conditions as the underlying RSUs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
