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Southside Bancshares Insider Form 4: 26 RSU Dividend Equivalents Added

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Preston L. Smith, a director of Southside Bancshares, Inc. (SBSI), received dividend equivalent rights tied to restricted stock units. The Form 4 reports a transaction dated 09/04/2025 showing 26 shares acquired at $0 as dividend equivalents on RSUs. After the transaction the reporting person directly beneficially owned 20,441 shares and indirectly owned 1,430 shares through a spouse.

The form is filed individually and signed by an attorney-in-fact on 09/08/2025. The filer checked the box indicating the reporting person is a director. The filing explains the shares reflect cash-dividend equivalent rights subject to the same RSU terms.

Positive

  • Director received dividend-equivalent shares increasing direct holdings to 20,441 shares
  • Filing discloses both direct and indirect ownership (1,430 shares indirect via spouse), supporting transparency

Negative

  • None.

Insights

TL;DR: Routine dividend-equivalent issuance to a director; small share amount and non-cash acquisition suggest minimal market impact.

The Form 4 documents a non-cash acquisition of 26 shares as dividend equivalents on RSUs, increasing the reporting person's direct holdings to 20,441 shares. This is an administrative equity issuance tied to compensation rather than an open-market purchase or sale, and the report contains no changes to option positions, disposals, or cash purchases. For investors tracking insider transactions, this is a routine compensation-related entry with no explicit change in company guidance, financing, or control.

TL;DR: Governance disclosure completed properly for director compensation; filing provides standard explanatory note.

The reporting person is identified as a director and filed singly, with the form signed by an attorney-in-fact. The explanation clarifies the nature of the issuance as dividend equivalent rights on RSUs, which are governed by the underlying award terms. The filing includes direct and indirect beneficial ownership amounts, supporting transparency around director equity holdings. There are no indications of unusual or corrective disclosures in this Form 4.

Insider SMITH PRESTON L
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 26 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 20,441 shares (Direct); Common Stock — 1,430 shares (Indirect, Spouse)
Footnotes (1)
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
SMITH PRESTON L
(Last) (First) (Middle)
1201 S BECKHAM AVE
(Street)
TYLER TX 75701
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SOUTHSIDE BANCSHARES INC [ SBSI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/04/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/04/2025 A 26(1) A $0(1) 20,441 D
Common Stock 1,430 I Spouse
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. 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.
Remarks:
Lindsey Bibby Bailes, attorney in fact 09/08/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did Preston L. Smith report on the Form 4 for SBSI?

The Form 4 reports that Preston L. Smith received 26 shares as dividend equivalent rights on RSUs on 09/04/2025, resulting in 20,441 shares directly owned and 1,430 shares indirectly owned.

Was the transaction a purchase or a non-cash issuance in the SBSI Form 4?

It was a non-cash issuance: 26 shares were acquired at $0 as dividend equivalents tied to RSUs.

What relationship to the issuer does the reporting person have?

The filer is identified as a Director of Southside Bancshares, Inc.

When was the Form 4 signed and by whom?

The form was signed by Lindsey Bibby Bailes, attorney-in-fact on 09/08/2025.

Does the Form 4 show any sales or option exercises by the reporting person?

No. The filing shows an acquisition of dividend equivalent shares and does not report any sales or derivative exercises.