Southside Bancshares exec granted 56 shares
Southside Bancshares’ chief credit officer received additional common shares via dividend equivalents on RSUs, modestly increasing his direct and ESOP-related holdings.
Rhea-AI Filing Summary
SOUTHSIDE BANCSHARES INC (SBSI) reported that Chief Credit Officer Arnold T. L. Jr received an award of 56 shares of Common Stock on September 3, 2026 as a grant of dividend equivalent rights tied to cash dividends on his restricted stock units. Following this grant, he holds 22,626 shares directly and 1,971 shares indirectly through an ESOP account that includes shares acquired under the company’s Dividend Reinvestment Program.
No transactions were reported under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 56 shares
Grant/Award
2 txns
Insider
Arnold T L Jr
Role
CCO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 56 | $0.00 | $0.00 |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 22,626 shares (Direct);
Common Stock — 1,971 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: 56 shares
Direct holdings after transaction: 22,626 shares
Indirect ESOP holdings after transaction: 1,971 shares
+2 more
5 metrics
Shares granted
56 shares
Dividend equivalent rights credited on September 3, 2026
Direct holdings after transaction
22,626 shares
Common Stock directly owned by Arnold T. L. Jr after grant
Indirect ESOP holdings after transaction
1,971 shares
Common Stock held indirectly through ESOP, including DRIP shares
Grant price per share
$0.00 per share
Reported for the 56-share grant of Common Stock
Rule 10b5-1 plan status
No plan reported
Form-level Rule 10b5-1 checkbox is not marked
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"
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
"Dividend equivalent rights are subject to the same terms as the underlying RSUs"
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 listed as ESOP for 1,971 shares"
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 Arnold T. L. Jr on this Form 4?
SOUTHSIDE BANCSHARES INC reported that Arnold T. L. Jr received a grant of 56 shares of Common Stock on September 3, 2026, reflecting dividend equivalent rights from a cash dividend on restricted stock units he holds.
What indirect SBSI holdings does Arnold T. L. Jr report after this filing?
He reports 1,971 shares of SOUTHSIDE BANCSHARES INC Common Stock held indirectly through an ESOP account, which the filing states includes shares acquired under the Company’s Dividend Reinvestment Program.
Was the SBSI insider transaction made under a Rule 10b5-1 trading plan?
No. The Form 4 for SOUTHSIDE BANCSHARES INC indicates the Rule 10b5-1 checkbox is not marked, so no Rule 10b5-1 trading plan is reported for these transactions.
What does the dividend equivalent rights grant mean for SBSI’s insider holdings?
The filing states that 56 shares were credited as dividend equivalent rights on RSUs, subject to the same terms as those RSUs. This modestly increases Arnold T. L. Jr’s direct holdings to 22,626 shares while leaving his ESOP holdings at 1,971 shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
