Southside Bancshares (SBSI) treasury chief receives 41-share stock award and updates plan holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DAVIS SUNI M reported acquisition or exercise transactions in this Form 4 filing.
Southside Bancshares Inc. chief treasury officer Suni M. Davis reported a compensation-related stock award and updated indirect holdings. Davis received a grant of 41 shares of Common Stock at $0.00 per share on a dividend-equivalent basis tied to existing RSUs, bringing direct ownership to 13,808 shares. The filing also shows 2,612 shares held through an ESOP and 10,850 shares in a 401(k) plan, reflecting shares accumulated via the company’s dividend reinvestment and payroll contribution programs.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
DAVIS SUNI M
Role
CHIEF TREASURY OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 41 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 13,808 shares (Direct, null);
Common Stock — 10,850 shares (Indirect, 401K)
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. Includes shares acquired under the company's Dividend Reinvestment Program and shares acquired through monthly payroll contributions.
Key Figures
Stock award: 41 shares
Award price: $0.00/share
Direct holdings: 13,808 shares
+2 more
5 metrics
Stock award
41 shares
Grant/award acquisition at $0.00 per share on Common Stock
Award price
$0.00/share
Price per share for 41-share Common Stock award
Direct holdings
13,808 shares
Total Common Stock directly held after the award
ESOP holdings
2,612 shares
Common Stock held indirectly through ESOP as of transaction date
401K holdings
10,850 shares
Common Stock held indirectly through 401K as of transaction date
Key Terms
dividend equivalent rights, RSUs, Dividend Reinvestment Program, ESOP, +1 more
5 terms
dividend equivalent rights financial
"Reflects dividend equivalent rights received pursuant to a cash dividend on RSUs held by the reporting person."
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
"Reflects dividend equivalent rights received pursuant to a 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.
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
"nature_of_ownership: "ESOP" for 2,612 shares of Common Stock held indirectly."
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.
401K financial
"nature_of_ownership: "401K" for 10,850 shares of Common Stock held indirectly."
An employer-sponsored retirement savings plan in the United States that lets workers set aside part of their paycheck into investments with tax advantages; some plans also include employer matching contributions, which is like free money added to your savings. It matters to investors because 401(k) balances represent a large pool of household retirement assets that influence personal financial security, investor behavior, and long-term demand for stocks and bonds.
FAQ
What insider transaction did Suni M. Davis report for SBSI?
Suni M. Davis reported receiving a 41-share Common Stock award at $0.00 per share. The award represents dividend equivalent rights on existing RSUs and is a compensation-related, non-market acquisition rather than an open-market stock purchase or sale.
What indirect SBSI holdings does Suni M. Davis report in ESOP and 401K plans?
The filing shows 2,612 shares of SBSI Common Stock held indirectly through an ESOP and 10,850 shares held through a 401K plan. These balances include shares acquired via the company’s Dividend Reinvestment Program and monthly payroll contributions.
Was the SBSI stock acquired by Suni M. Davis an open-market purchase?
No, the 41-share increase was a grant or award at $0.00 per share. Footnotes explain it reflects dividend equivalent rights on RSUs, making this a compensation-related accrual rather than an open-market stock purchase transaction.
What do dividend equivalent rights mean in the SBSI Form 4 for Suni M. Davis?
Dividend equivalent rights give the holder additional share credits when cash dividends are paid on underlying RSUs. In this case, Suni M. Davis received 41 Common Stock shares as dividend equivalents, subject to the same terms and conditions as the original RSU awards.