RSU dividend equivalents add 14 shares for Southside (SBSI) director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Southside Bancshares director Jeb Weldon Jones reported a small equity award rather than an open-market trade. On this Form 4, he acquired 14 shares of common stock at no cost as a grant or award, increasing his directly held stake to 2,260 shares. A footnote explains these 14 shares reflect dividend equivalent rights tied to restricted stock units, meaning they were issued in connection with a cash dividend on previously granted RSUs. The filing also notes an indirect holding of 1,000 shares in an IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Jones Jeb Weldon
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 14 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,260 shares (Direct, null);
Common Stock — 1,000 shares (Indirect, IRA)
Footnotes (1)
- [object Object]
Key Figures
Awarded shares: 14 shares
Award price: $0.0000 per share
Direct holdings after award: 2,260 shares
+3 more
6 metrics
Awarded shares
14 shares
Grant or award acquisition on common stock
Award price
$0.0000 per share
Price per share for 14-share grant
Direct holdings after award
2,260 shares
Total directly held common shares following transaction
Indirect IRA holdings
1,000 shares
Common stock held indirectly via IRA
Acquire transactions
1 transaction
Transaction summary acquireCount
Holding entries
1 entry
Transaction summary holdingEntries
Key Terms
dividend equivalent rights, RSUs, IRA, grant, award, or other acquisition
4 terms
dividend equivalent rights financial
"Reflects dividend equivalent rights received pursuant to a cash dividend on RSUs held"
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
"pursuant to a 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.
IRA financial
"Common Stock holding reported as indirect ownership with 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.
grant, award, or other acquisition financial
"Transaction code A described as Grant, award, or other acquisition"
