Southside Bancshares (SBSI) director granted 14 common shares via RSU dividend
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ANDERSON SUSAN ELAINE reported acquisition or exercise transactions in this Form 4 filing.
Southside Bancshares Inc. director Susan Elaine Anderson reported a small stock award and updated holdings in a Form 4. She received 14 shares of common stock with no cash price, described as dividend equivalent rights tied to existing RSUs and subject to the same terms. After this award, she directly holds 12,762 common shares, while indirect holdings include 23,143 shares in a Spousal IRA and 681 shares in an IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
ANDERSON SUSAN ELAINE
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 14 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 12,762 shares (Direct, null);
Common Stock — 681 shares (Indirect, IRA)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 14 shares
Direct holdings after award: 12,762 shares
Spousal IRA holdings: 23,143 shares
+2 more
5 metrics
Shares granted
14 shares
Common Stock grant coded as A at $0.0000 per share
Direct holdings after award
12,762 shares
Common Stock directly owned following the 14-share grant
Spousal IRA holdings
23,143 shares
Common Stock held indirectly via Spousal IRA
IRA holdings
681 shares
Common Stock held indirectly via IRA
Grant price
$0.0000 per share
Price for 14-share award labeled as grant/award acquisition
Key Terms
dividend equivalent rights, RSUs, Spousal IRA
3 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 IRA financial
"total_shares_following_transaction": "23143.0000", "direct_or_indirect": "I", "nature_of_ownership": "Spousal IRA""
