Southside Bancshares CFO granted 74 shares
Southside Bancshares’ CFO received a small dividend-equivalent share award and updated her direct and indirect SBSI shareholdings.
Rhea-AI Filing Summary
SOUTHSIDE BANCSHARES INC (SBSI) reports that Chief Financial Officer Julie Shamburger acquired 74 shares of common stock on September 3, 2026 as a grant of dividend equivalent rights tied to existing RSUs, at no cash cost. Following this award, she holds 32,748 shares directly. She also reports indirect holdings of 5,009 shares through a 401k SSB Trust, 4,277 shares by an ESOP, 4,075 shares in an IRA, and 3,250 shares in a spouse IRA, some of which include shares acquired under the company’s Dividend Reinvestment Program. No transactions are reported under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 74 shares
Grant/Award
5 txns
Insider
SHAMBURGER JULIE
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 74 | $0.00 | $0.00 |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 32,748 shares (Direct);
Common Stock — 5,009 shares (Indirect, 401k SSB Trust);
Common Stock — 4,277 shares (Indirect, by ESOP);
Common Stock — 4,075 shares (Indirect, IRA);
Common Stock — 3,250 shares (Indirect, Spouse IRA)
Footnotes (2)
- 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.
- F2. Includes shares acquired under the Company's Dividend Reinvestment Program.
Key Figures
Shares acquired (grant of dividend equivalent rights): 74 shares
Direct holdings after transaction: 32,748 shares
Indirect holdings via 401k SSB Trust: 5,009 shares
+3 more
6 metrics
Shares acquired (grant of dividend equivalent rights)
74 shares
Common Stock awarded on September 3, 2026
Direct holdings after transaction
32,748 shares
Direct ownership of CFO after September 3, 2026 award
Indirect holdings via 401k SSB Trust
5,009 shares
Indirect ownership reported on September 3, 2026
Indirect holdings by ESOP
4,277 shares
Indirect ownership reported on September 3, 2026
Indirect holdings in IRA
4,075 shares
Indirect ownership reported on September 3, 2026
Indirect holdings in spouse IRA
3,250 shares
Indirect ownership reported on September 3, 2026
Key Terms
Dividend equivalent rights, RSUs, Dividend Reinvestment Program, 401k SSB Trust, +1 more
5 terms
Dividend equivalent rights financial
"Reflects dividend equivalent rights received pursuant to a cash dividend"
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
"rights received pursuant to a cash dividend on RSUs held by the reporting"
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.
401k SSB Trust financial
"Indirect ownership nature reported as 401k SSB Trust"
ESOP financial
"Indirect ownership nature reported as by 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transaction did SBSI’s CFO report on this Form 4?
The CFO, Julie Shamburger, reported an acquisition of 74 shares of Southside Bancshares common stock on September 3, 2026, as a grant of dividend equivalent rights related to her existing RSUs, with a reported price of $0.00 per share.
Were any of the SBSI CFO’s transactions under a Rule 10b5-1 plan?
No. The filing indicates that the Rule 10b5-1 checkbox is not marked, and the footnotes do not state that the September 3, 2026 transactions were made under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
