Southside Bancshares (SBSI) director adds 28 shares via dividend equivalents
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SMITH PRESTON L reported acquisition or exercise transactions in this Form 4 filing.
Southside Bancshares director Preston L. Smith reported a small compensation-related stock increase. He received 28 shares of common stock at no cost as dividend equivalent rights tied to restricted stock units. After this grant, he directly holds 23,092 shares and indirectly holds 1,430 shares through his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
SMITH PRESTON L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 28 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 23,092 shares (Direct, null);
Common Stock — 1,430 shares (Indirect, Spouse)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 28 shares
Grant price: $0.0000 per share
Direct holdings after transaction: 23,092 shares
+3 more
6 metrics
Shares granted
28 shares
Dividend equivalent rights on RSUs, transaction date June 1, 2026
Grant price
$0.0000 per share
Dividend equivalent rights received as stock, not a market purchase
Direct holdings after transaction
23,092 shares
Common stock directly owned by Preston L. Smith after grant
Indirect holdings (spouse)
1,430 shares
Common stock indirectly owned through spouse, reported as indirect ownership
Transactions acquiring shares
1 transaction
One grant/award acquisition of common stock reported
Holding entries
1 entry
One holding entry reflecting spouse-owned indirect shares
Key Terms
dividend equivalent rights, RSUs, indirect ownership, grant, award, or other acquisition
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.
indirect ownership financial
"total_shares_following_transaction: 1430.0000, direct_or_indirect: I, nature_of_ownership: Spouse"
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
