Southside Bancshares (SBSI) CEO receives 152-share stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Southside Bancshares Inc. President and CEO Keith Donahoe reported a compensation-related stock award. On June 1, 2026, he received an acquisition of 152 shares of Common Stock at $0.0000 per share, described as a grant, award, or other acquisition.
After this award, his directly held Common Stock position increased to 20,535 shares. The filing also shows an indirect holding of 842 shares through an ESOP. Footnotes explain that some shares reflect dividend equivalent rights on RSUs and shares acquired under the company's Dividend Reinvestment Program, underscoring that these are compensation and reinvestment-related, not open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Donahoe Keith
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 152 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 20,535 shares (Direct, null);
Common Stock — 842 shares (Indirect, ESOP)
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.
Key Figures
Stock grant: 152 shares
Grant price: $0.0000 per share
Direct holdings after grant: 20,535 shares
+2 more
5 metrics
Stock grant
152 shares
Common Stock grant on June 1, 2026
Grant price
$0.0000 per share
Price for 152-share acquisition
Direct holdings after grant
20,535 shares
Common Stock held directly by CEO after transaction
Indirect ESOP holdings
842 shares
Common Stock held indirectly through ESOP
Transaction date
June 1, 2026
Date of reported Form 4 transactions
Key Terms
Dividend equivalent rights, RSUs, Dividend Reinvestment Program, ESOP, +1 more
5 terms
Dividend equivalent rights financial
"Reflects dividend equivalent rights received pursuant to a cash dividend on RSUs held by the reporting person."
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
RSUs financial
"Dividend equivalent rights are subject to the same terms and conditions as the underlying RSUs."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Dividend Reinvestment Program financial
"Includes shares acquired under the Company's Dividend Reinvestment Program."
A dividend reinvestment program lets investors automatically use cash dividends to buy more shares of the same company instead of taking the money as cash. Think of it like an automatic savings plan that turns small payouts into additional ownership, often including fractional shares, which can speed up compound growth and reduce the need for manual buying decisions — a convenience that can boost long-term returns for shareholders.
ESOP financial
"total_shares_following_transaction": "842.0000" ... "nature_of_ownership": "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.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
