Southside Bancshares director granted 14 shares
Southside Bancshares director received additional stock via dividend equivalents on RSUs, modestly increasing his reported holdings.
Rhea-AI Filing Summary
SOUTHSIDE BANCSHARES INC (SBSI) reported that director J. Hilliard Shands acquired 14 shares of common stock on September 3, 2026 as a grant of dividend equivalent rights tied to restricted stock units, at no cash cost. After this, he holds 42,180 shares directly, plus indirect holdings through a spousal trust, an IRA, and a spouse’s IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 14 shares
Grant/Award
4 txns
Insider
SHANDS HILLIARD J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 14 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 42,180 shares (Direct);
Common Stock — 201,952 shares (Indirect, Spousal Trust);
Common Stock — 6,795 shares (Indirect, IRA);
Common Stock — 5,721 shares (Indirect, Spouse - IRA)
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.
Key Figures
Shares acquired: 14 shares
Direct holdings after transaction: 42,180 shares
Spousal Trust indirect holdings: 201,952 shares
+3 more
6 metrics
Shares acquired
14 shares
Dividend equivalent rights on RSUs granted September 3, 2026
Direct holdings after transaction
42,180 shares
Common stock held directly by J. Hilliard Shands after September 3, 2026 grant
Spousal Trust indirect holdings
201,952 shares
Common stock held indirectly via Spousal Trust
IRA indirect holdings
6,795 shares
Common stock held indirectly in IRA
Spouse IRA indirect holdings
5,721 shares
Common stock held indirectly in Spouse – IRA
Grant price per share
$0.00 per share
Reported price for 14-share grant on September 3, 2026
Key Terms
dividend equivalent rights, RSUs, Spousal Trust, IRA
4 terms
dividend equivalent rights financial
"Reflects dividend equivalent rights received pursuant to a cash dividend on RSUs"
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
"cash dividend on RSUs held by the reporting person"
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.
Spousal Trust financial
"total shares following transaction 201,952, nature of ownership Spousal Trust"
IRA financial
"total shares following transaction 6,795, nature of ownership IRA"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SBSI director J. Hilliard Shands report?
He reported an acquisition of 14 shares of Southside Bancshares common stock on September 3, 2026, received as dividend equivalent rights on restricted stock units, at a reported price of $0.00 per share.
Was a Rule 10b5-1 trading plan involved in this SBSI Form 4?
No. The filing indicates the Rule 10b5-1 checkbox is not affirmed, and there is no footnote stating that the transaction was made pursuant to a Rule 10b5-1 or other pre-arranged trading plan.
What are dividend equivalent rights in the context of SBSI’s Form 4?
The footnote explains the 14 shares reflect dividend equivalent rights received due to a cash dividend on RSUs held by the reporting person. These rights are subject to the same terms and conditions as the underlying restricted stock units.
AI-generated analysis. How Rhea-AI works. Not financial advice.
