Southside Bancshares Insider Filing: Shamburger Updates Ownership Totals
Rhea-AI Filing Summary
Julie Shamburger, CFO of Southside Bancshares, Inc. (SBSI), reported insider activity on Form 4. The filing shows a 09/04/2025 transaction recording 69 dividend-equivalent rights received in connection with RSUs at a $0 price, and lists total 28,751 shares directly beneficially owned after the transaction. The report also discloses indirect holdings of 4,787 shares via a 401(k) SSB Trust, 4,157 shares held by an ESOP, 3,250 shares in a spouse IRA, and 3,787 shares in an IRA. The filing notes that dividend-equivalent rights follow the same terms as the underlying RSUs and that some shares reflect participation in the company Dividend Reinvestment Program. The Form 4 was signed by an attorney-in-fact on 09/08/2025.
Positive
- Continued ownership by the CFO with 28,751 direct shares reported after the transaction, indicating alignment with company equity
- Dividend-equivalent rights and Dividend Reinvestment Program participation show compensation and reinvestment rather than open-market sales
Negative
- None.
Insights
TL;DR: Routine insider reporting showing retention through dividend-equivalents and benefit-plan holdings; no sales disclosed.
The Form 4 documents customary equity-related adjustments rather than active trading. The 69 dividend-equivalent rights arise from RSUs and are recorded at $0, consistent with non-cash dividend treatment. Multiple indirect holdings across a 401(k) trust, ESOP and IRAs indicate long-term employment-related ownership structures rather than open-market purchases. No dispositions or option exercises are reported, suggesting no immediate liquidity event by the officer.
TL;DR: Non-derivative acquisition entries reflect compensation-related share accruals and DRIP participation; impact is immaterial to market supply.
The transaction recorded on 09/04/2025 is tied to dividend-equivalent rights on RSUs and share reinvestment, not an open-market buy or sale. Beneficial ownership totals are explicitly stated: 28,751 direct shares and several indirect tranches (4,787; 4,157; 3,250; 3,787). Given the sizes reported and absence of cash purchases or sales, this filing is likely neutral from a market-liquidity or valuation perspective.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 69 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (2)
- 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.
- F2. Includes shares acquired under the Company's Dividend Reinvestment Program.
AI-generated analysis. How Rhea-AI works. Not financial advice.
