Southside Bancshares (SBSI) regional president reports 23-share stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Southside Bancshares, Inc. Regional President, ETX, Jared C. Green reported an automatic stock award. He acquired 23 shares of common stock on a grant/award basis at $0.00 per share, bringing his directly held total to 5,489 shares.
The filing also updates his indirect holdings through an ESOP and a 401(k) plan, which now stand at 2,044 shares and 2,193 shares, respectively. Footnotes state these changes reflect dividend equivalents on RSUs and shares received via the company’s ESOP contribution, forfeiture allocation, dividend reinvestment, and Dividend Reinvestment Program.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Green Jared C.
Role
Regional President, ETX
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 23 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,489 shares (Direct);
Common Stock — 2,044 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. Amount includes shares received in connection with the Company's annual ESOP contribution, forfeiture allocation and quarterly dividend reinvestment. Includes shares acquired under the Company's Dividend Reinvestment Program.
FAQ
What insider transaction did Jared C. Green report for SBSI?
Jared C. Green reported receiving an award of 23 shares of Southside Bancshares common stock at $0.00 per share. This grant increased his direct holdings to 5,489 shares and reflects a non-cash, grant-based acquisition rather than an open-market purchase.
How do dividend equivalents affect Jared C. Green’s SBSI holdings?
Dividend equivalent rights increased Jared C. Green’s Southside Bancshares holdings by adding shares tied to cash dividends on his RSUs. These dividend equivalents are subject to the same terms and conditions as the underlying RSUs, according to the Form 4 footnotes.