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 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| 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.
