Southside Bancshares (SBSI) director reports small stock grant and indirect holdings

Rhea-AI Filing Summary

SHANDS HILLIARD J reported acquisition or exercise transactions in this Form 4 filing.

Southside Bancshares director Hilliard J. Shands reported a small equity-based compensation adjustment. He received 14 shares of Common Stock at no cost as a grant tied to dividend equivalent rights on restricted stock units, and now directly holds 35,641 shares.

The filing also lists indirect holdings in various retirement and spousal accounts, including 5,721 shares in a spouse’s IRA, 6,795 shares in an IRA, and 201,952 shares in a spousal trust. These entries reflect reported ownership positions rather than new market purchases or sales.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider SHANDS HILLIARD J

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	14	$0.00	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 35,641 shares (Direct, null); Common Stock — 201,952 shares (Indirect, Spousal Trust)

Footnotes (1)

1. [object Object]

Key Figures

Stock grant: 14 shares Direct holdings after grant: 35,641 shares Spouse IRA holdings: 5,721 shares +2 more

5 metrics

Stock grant 14 shares Dividend equivalent rights grant at $0.00 per share

Direct holdings after grant 35,641 shares Common Stock held directly after transaction

Spouse IRA holdings 5,721 shares Common Stock held indirectly via spouse’s IRA

IRA holdings 6,795 shares Common Stock held indirectly via IRA

Spousal trust holdings 201,952 shares Common Stock held indirectly via spousal trust

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 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.

Spousal Trust financial

"nature_of_ownership": "Spousal Trust""

IRA financial

"nature_of_ownership": "Spouse - 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.

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SHANDS HILLIARD J

(Last) (First) (Middle)

1201 S BECKHAM AVE

(Street)

TYLER TEXAS 75701

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SOUTHSIDE BANCSHARES INC [ SBSI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/01/2026		A		14(1)	A	$0	35,641	D
Common Stock								201,952	I	Spousal Trust
Common Stock								6,795	I	IRA
Common Stock								5,721	I	Spouse - IRA

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

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.

Remarks:

	Lindsey Bibby Bailes, attorney in fact	06/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Hilliard J. Shands report for SBSI?

Hilliard J. Shands reported receiving 14 shares of Southside Bancshares Common Stock as a grant. The shares reflect dividend equivalent rights on existing RSUs, rather than an open-market purchase or sale, and were acquired at a price of $0.00 per share.

How many SBSI shares does Hilliard J. Shands hold directly after this filing?

After the reported grant, Hilliard J. Shands directly holds 35,641 shares of Southside Bancshares Common Stock. This direct position reflects his personal ownership, separate from additional indirect holdings reported through IRA and spousal trust accounts associated with him.

What indirect Southside Bancshares (SBSI) holdings are reported for Hilliard J. Shands?

The filing lists several indirect holdings for Hilliard J. Shands, including 5,721 shares in a spouse’s IRA, 6,795 shares in an IRA, and 201,952 shares in a spousal trust. These positions are reported as indirect ownership interests in SBSI stock.

What is the significance of the dividend equivalent rights mentioned for SBSI?

The 14-share grant reflects dividend equivalent rights paid on restricted stock units held by Hilliard J. Shands. These rights mirror cash dividends on RSUs and are subject to the same terms and conditions as the underlying RSUs, aligning compensation with shareholder dividends.

Did Hilliard J. Shands buy or sell SBSI shares on the open market?

The filing does not report any open-market buys or sells of SBSI shares. Instead, it shows a grant of 14 shares at $0.00 from dividend equivalent rights and updated indirect holdings, indicating compensation-related adjustments rather than trading activity.