Southside Bancshares insider filing: 23 dividend-equivalent RSU credits for Jared Green
Rhea-AI Filing Summary
Jared C. Green, Regional President, ETX and a director/officer of Southside Bancshares, Inc. (SBSI), reported transactions dated 09/04/2025. He received 23 dividend-equivalent rights relating to restricted stock units at no cash cost, which are treated like the underlying RSUs. After the reported transactions he beneficially owns 5,130 shares directly. He also holds 2,143 shares indirectly through a 401(k) and 1,784 shares indirectly through an ESOP, including shares acquired via the company’s dividend reinvestment program. The Form 4 was signed by an attorney-in-fact on 09/08/2025.
Positive
- Dividend-equivalent rights received on RSUs, reflecting compensation alignment with shareholders
- Participation in the Dividend Reinvestment Program resulting in additional shares in 401(k) and ESOP accounts
- Complete Section 16 disclosure filed and signed (via attorney-in-fact), supporting transparency
Negative
- None.
Insights
TL;DR: Routine insider equity accruals from RSU dividend equivalents and benefit plans; no material ownership shift.
The filing documents a common, non-cash acquisition of dividend-equivalent rights on RSUs and discloses beneficial ownership across direct and indirect accounts, including 401(k) and ESOP holdings. This is a standard Section 16 disclosure that enhances transparency about executive holdings but does not reflect open-market trading or a change in control. The signature by an attorney-in-fact is typical for administrative filing execution.
TL;DR: Minor incremental share accruals from dividend reinvestment and RSU dividend equivalents; immaterial to capitalization.
The transaction reported—23 dividend-equivalent rights credited to RSUs and shares acquired via the dividend reinvestment plan—results in modest increases in the reporting person's stake. The total direct beneficial ownership of 5,130 shares and indirect holdings in retirement/ESOP plans are small relative to typical public-company floats, indicating limited market impact.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 23 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (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. Includes shares acquired under the Company's Dividend Reinvestment Program.