Director Lee R. Gibson receives 1,246-share award at Southside Bancshares (SBSI)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GIBSON LEE R reported acquisition or exercise transactions in this Form 4 filing.
Southside Bancshares director Lee R. Gibson received a grant of 1,246 shares of Common Stock as a stock award on May 14, 2026. The award carried a price of $0.0000 per share, indicating it was compensation rather than an open-market purchase.
Following this grant, Gibson directly holds 58,719 Southside Bancshares shares. He also has indirect holdings of 8,665 shares through a 401k SSB Trust and 31,904 shares held by an ESOP, giving him a mix of direct and benefit-plan-related ownership in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
GIBSON LEE R
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,246 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 58,719 shares (Direct, null);
Common Stock — 31,904 shares (Indirect, by ESOP)
Footnotes (1)
Key Figures
Stock award: 1,246 shares
Award price: $0.0000 per share
Direct holdings after grant: 58,719 shares
+2 more
5 metrics
Stock award
1,246 shares
Common Stock grant on May 14, 2026
Award price
$0.0000 per share
Compensation-related grant, not market purchase
Direct holdings after grant
58,719 shares
Common Stock directly owned after transaction
Indirect 401k holdings
8,665 shares
Held indirectly via 401k SSB Trust
Indirect ESOP holdings
31,904 shares
Held indirectly by ESOP
Key Terms
Grant, award, or other acquisition, 401k SSB Trust, ESOP, Common Stock
4 terms
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
401k SSB Trust financial
"nature_of_ownership: 401k SSB Trust"
ESOP financial
"nature_of_ownership: by ESOP"
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.
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.