Southside Bancshares chair acquires 14 dividend shares
A Southside Bancshares director received 14 common shares via dividend-equivalent credits on existing RSUs, bringing his direct holdings to 26,956 shares.
Rhea-AI Filing Summary
Southside Bancshares Inc (SBSI) director and chairman of the board John Robert Garrett reported an acquisition of 14 shares of common stock on September 3, 2026. The shares reflect dividend equivalent rights credited on restricted stock units in connection with a cash dividend and were granted at no cash price. Following this award, he directly holds 26,956 common shares, and no Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 14 shares
Grant/Award
1 txn
Insider
Garrett John Robert
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 14 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 26,956 shares (Direct)
Footnotes (1)
- 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.
Key Figures
Shares acquired: 14 shares of common stock
Price per share: $0.00 per share
Shares held after transaction: 26,956 shares
+1 more
4 metrics
Shares acquired
14 shares of common stock
Grant on September 3, 2026 via dividend equivalent rights
Price per share
$0.00 per share
Dividend-equivalent grant on restricted stock units
Shares held after transaction
26,956 shares
Direct common stock holdings after September 3, 2026 award
Transactions acquiring shares
1 transaction
One acquisition transaction reported in this Form 4
Key Terms
dividend equivalent rights, cash dividend, RSUs
3 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.
cash dividend financial
"received pursuant to a cash dividend on RSUs held by the reporting"
A cash dividend is a payment made by a company to its shareholders directly in money, usually on a regular schedule. It is a way for investors to receive a portion of the company's profits, similar to earning interest or a bonus for holding the company's stock. Cash dividends provide income to shareholders and can indicate the company's financial health and stability.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SBSI report for John Robert Garrett?
SBSI reported that director and chairman of the board John Robert Garrett acquired 14 shares of common stock on September 3, 2026. The acquisition came from dividend equivalent rights credited on restricted stock units due to a cash dividend.
What are dividend equivalent rights in the context of SBSI’s Form 4?
The filing states that the 14 shares reflect dividend equivalent rights received due to a cash dividend on RSUs held by the reporting person. These rights are subject to the same terms and conditions as the underlying RSUs.
Was the SBSI insider transaction made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates no Rule 10b5-1 trading plan for the reported September 3, 2026 acquisition of 14 dividend-equivalent shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.