Southside Bancshares (SBSI) CAO receives 37-share stock award and updates holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PINKLEY APRIL reported acquisition or exercise transactions in this Form 4 filing.
Southside Bancshares CAO April Pinkley reported new equity awards and updated holdings. She received an award of 37 shares of Common Stock at $0.0000 per share, increasing her direct ownership to 4,424 shares. A separate entry reflects 2,307 shares held indirectly through an ESOP.
Footnotes explain that some shares arise from dividend equivalent rights on RSUs and from the company’s Dividend Reinvestment Program, indicating these are compensation and reinvestment-related allocations rather than open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
PINKLEY APRIL
Role
CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 37 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,424 shares (Direct, null);
Common Stock — 2,307 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
Equity award: 37 shares
Direct holdings after transaction: 4,424 shares
Indirect ESOP holdings: 2,307 shares
+2 more
5 metrics
Equity award
37 shares
Grant of Common Stock at $0.0000 per share
Direct holdings after transaction
4,424 shares
Common Stock directly owned by CAO after award
Indirect ESOP holdings
2,307 shares
Common Stock held indirectly through ESOP
Transaction price per share
$0.0000/share
Price for 37-share grant/award acquisition
Net buy/sell direction
Neutral
No open-market buys or sells reported in summary
Key Terms
Dividend Reinvestment Program, dividend equivalent rights, RSUs, ESOP
4 terms
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.
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.
ESOP financial
"Indirect ownership reported as ESOP for 2,307 shares of Common Stock."
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.
FAQ
What insider transaction did SBSI CAO April Pinkley report?
April Pinkley reported receiving an award of 37 shares of Southside Bancshares Common Stock. The shares were granted at $0.0000 per share, indicating a compensation-related award rather than a market purchase, and increased her direct ownership position.
What are the indirect SBSI holdings reported for April Pinkley?
The filing shows 2,307 shares of Southside Bancshares Common Stock held indirectly through an ESOP. ESOP stands for Employee Stock Ownership Plan, which provides employees with company stock as part of their long-term compensation and retirement benefits.
Did the SBSI CAO’s Form 4 show any stock sales?
The Form 4 details an equity award and updated holdings but does not report any open-market sales. The main transaction is a grant of 37 shares at zero price, which increased April Pinkley’s direct ownership position in Southside Bancshares Common Stock.