SOUTHSIDE BANCSHARES director granted 22 SBSI shares
SOUTHSIDE BANCSHARES INC director Lawrence Lazelle Anderson reported an acquisition of 22 shares of common stock on March 5, 2026.
Rhea-AI Filing Summary
SOUTHSIDE BANCSHARES INC director Lawrence Lazelle Anderson reported an acquisition of 22 shares of common stock on March 5, 2026. The shares reflect dividend equivalent rights received from a cash dividend on RSUs, bringing his directly held shares to 3,802. He also reports 15,929 shares held indirectly through the Lawrence L Anderson Spousal Trust.
Positive
- None.
Negative
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Insider Trade Summary
Grant/Award: 22 shares
Grant/Award
2 txns
Insider
ANDERSON LAWRENCE LAZELLE
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 22 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,802 shares (Direct);
Common Stock — 15,929 shares (Indirect, Lawrence L Anderson Spousal Trust)
Footnotes (1)
- 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the footnote about dividend equivalent rights mean for SBSI’s Form 4 filing?
The footnote explains that the 22 reported shares are dividend equivalent rights from a cash dividend on RSUs. These rights mirror the underlying RSUs’ terms and conditions, so they vest and are treated consistently with the original restricted stock unit awards already held.
AI-generated analysis. How Rhea-AI works. Not financial advice.