Southside Bancshares (SBSI) officer reports RSU dividend equivalents in Form 4
Rhea-AI Filing Summary
Southside Bancshares, Inc. reported a small insider equity transaction involving one of its senior executives. The company’s Chief Banking Officer acquired 17 shares of common stock on 12/04/2025 at a stated price of $0, reflecting dividend equivalent rights tied to previously granted restricted stock units (RSUs). These dividend equivalents are subject to the same vesting and other terms as the underlying RSUs. Following this transaction, the officer directly held 4,326 shares of Southside Bancshares common stock and indirectly held 563 shares through the company’s employee stock ownership plan (ESOP). The filing is administrative in nature and records routine equity-based compensation and dividend reinvestment activity.
Positive
- None.
Negative
- None.
FAQ
What insider transaction did Southside Bancshares (SBSI) report in this Form 4?
The Form 4 reports that the Chief Banking Officer of Southside Bancshares, Inc. acquired 17 shares of common stock on 12/04/2025 at a stated price of $0, recorded as dividend equivalent rights on existing RSUs.
Who is the reporting person in Southside Bancshares (SBSI) Form 4 and what is their role?
The reporting person is an officer of Southside Bancshares, Inc. serving as the Chief Banking Officer, as indicated in the relationship section of the Form 4.
How many Southside Bancshares (SBSI) shares does the officer own after this transaction?
After the reported transaction, the officer beneficially owned 4,326 shares of Southside Bancshares common stock directly and 563 shares indirectly through the company’s ESOP.
What are the dividend equivalent rights mentioned in the Southside Bancshares (SBSI) Form 4?
The filing explains that dividend equivalent rights were received based on a cash dividend paid on RSUs held by the officer. These rights follow the same terms and conditions as the underlying RSUs.
Does the Southside Bancshares (SBSI) Form 4 mention shares acquired through a dividend reinvestment program?
Yes. The explanation notes that the officer’s holdings include shares acquired under the Company’s Dividend Reinvestment Program, in addition to dividend equivalent rights on RSUs.
Is the Southside Bancshares (SBSI) Form 4 filed by a single reporting person or a group?
The form indicates that it is a Form filed by One Reporting Person, not a joint or group filing.