Southside CCO awarded 53 shares in stock grant
Southside Bancshares' Chief Credit Officer, Arnold T L Jr, reported a small stock award.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Southside Bancshares' Chief Credit Officer, Arnold T L Jr, reported a small stock award. He received 53 shares of common stock as a grant or other acquisition at no cost, increasing his direct holdings to 22,570 shares. He also indirectly holds 1,949 shares through an ESOP. Footnotes note dividend equivalent rights on RSUs and participation in the Dividend Reinvestment Program.
Insider Trade Summary
Grant/Award: 53 shares
Grant/Award
2 txns
Insider
Arnold T L Jr
Role
CCO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 53 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 22,570 shares (Direct);
Common Stock — 1,949 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
Stock grant: 53 shares
Direct holdings after transaction: 22,570 shares
Indirect ESOP holdings: 1,949 shares
3 metrics
Stock grant
53 shares
Common stock grant coded as acquisition (A)
Direct holdings after transaction
22,570 shares
Common stock directly owned following grant
Indirect ESOP holdings
1,949 shares
Common stock held indirectly via ESOP after transaction
Key Terms
Dividend Reinvestment Program, dividend equivalent rights, RSUs, ESOP
4 terms
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.
dividend equivalent rights financial
"Reflects dividend equivalent rights received pursuant to a cash dividend on RSUs held"
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.
ESOP financial
"indirect ownership type listed 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.
Was the SBSI insider transaction a buy or sell in the open market?
The SBSI insider transaction was not an open-market buy or sell. It was coded as an “A” transaction, meaning a grant, award, or other acquisition of 53 shares, typically reflecting compensation rather than a discretionary market trade by the executive.
What does the Form 4 say about dividend equivalent rights for SBSI RSUs?
The Form 4 notes that dividend equivalent rights were received pursuant to a cash dividend on restricted stock units (RSUs). These dividend equivalents are subject to the same terms and conditions as the underlying RSUs already held by the reporting person.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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