Southside Bancshares (SBSI) chief banking officer receives stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Southside Bancshares Inc. Chief Banking Officer Sherri Anthony reported a compensation-related stock award. On June 1, 2026, she received 32 shares of Common Stock as a grant at $0.00 per share, bringing her direct holdings to 4,391 shares.
The filing also shows 706 shares held indirectly through an ESOP. Footnotes explain that some shares reflect dividend equivalent rights on RSUs and shares acquired under the company’s Dividend Reinvestment Program, indicating no open-market buying or selling activity in this report.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Anthony Sherri
Role
Chief Banking Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 32 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,391 shares (Direct, null);
Common Stock — 706 shares (Indirect, ESOP)
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.
Key Figures
Stock award: 32 shares
Award price: $0.00 per share
Direct holdings after grant: 4,391 shares
+3 more
6 metrics
Stock award
32 shares
Grant/award acquisition on June 1, 2026
Award price
$0.00 per share
Compensation-related grant, not open-market
Direct holdings after grant
4,391 shares
Common Stock held directly by reporting person
Indirect ESOP holdings
706 shares
Common Stock held indirectly through ESOP
Acquire-type entries
1 transaction
Grant, award, or other acquisition (code A)
Holding entries
1 entry
ESOP holding reported without buy/sell
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
"Indirect ownership listed as ESOP for 706 shares of Common Stock."
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.
Grant, award, or other acquisition financial
"Transaction code A is described as Grant, award, or other acquisition."
