Southside Bancshares (SBSI) director reports small 14-share RSU dividend grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Southside Bancshares Inc. director Patricia Ann Callan reported a small compensation-related stock acquisition rather than an open-market trade. On June 1, 2026, she received 14 shares of common stock with a reported price of $0.00 per share, classified as a grant or award. A footnote explains these represent dividend equivalent rights credited in connection with a cash dividend on restricted stock units, and they carry the same terms as the underlying RSUs, making this a routine adjustment to her equity compensation. Following the transaction, she directly holds 7,150 shares of common stock and indirectly holds 5,039 shares through an IRA, as reflected in the filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
CALLAN PATRICIA ANN
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 14 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 7,150 shares (Direct, null);
Common Stock — 5,039 shares (Indirect, IRA)
Footnotes (1)
- [object Object]
Key Figures
Grant shares: 14 shares
Grant price: $0.00 per share
Direct holdings after transaction: 7,150 shares
+2 more
5 metrics
Grant shares
14 shares
Common stock grant on June 1, 2026
Grant price
$0.00 per share
Reported price for 14-share acquisition
Direct holdings after transaction
7,150 shares
Common stock directly owned after June 1, 2026 grant
Indirect IRA holdings
5,039 shares
Common stock held indirectly through IRA as of June 1, 2026
Total reported holdings
12,189 shares
Sum of direct and indirect shares reported in this Form 4
Key Terms
dividend equivalent rights, RSUs, restricted stock units, indirect ownership, +1 more
5 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.
restricted stock units financial
"underlying RSUs"
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.
indirect ownership financial
"5039.0000 ... direct_or_indirect: I, nature_of_ownership: IRA"
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did SBSI director Patricia Ann Callan report?
Patricia Ann Callan reported receiving 14 shares of Southside Bancshares common stock as a grant. The filing classifies this as a compensation-related acquisition, not an open-market purchase, and ties it to dividend equivalent rights on existing restricted stock units.
Was the SBSI Form 4 transaction a market buy or sell?
The Form 4 does not show any open-market buy or sell for Patricia Ann Callan. Instead, it reports a grant of 14 shares at a stated price of $0.00 per share, reflecting compensation-related dividend equivalent rights rather than a discretionary trade.
How is Patricia Ann Callan’s indirect ownership in SBSI structured?
Patricia Ann Callan’s indirect ownership in Southside Bancshares is reported as 5,039 common shares held through an IRA. The filing classifies this as indirect ownership, separate from her 7,150 directly held shares, providing transparency into how her holdings are structured.