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Southside Bancshares Insider Filing: 15 Shares Added via Dividend Equivalents

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Southside Bancshares (SBSI) director Shannon Dacus reported a Form 4 showing a non‑derivative acquisition on 09/04/2025. The filing records an acquisition coded "A" of 15 shares at a $0 price, which the filer explains are dividend equivalent rights paid in cash on restricted stock units (RSUs). After this transaction the reporting person beneficially owns 8,457 shares in a direct form. The Form 4 was signed by an attorney‑in‑fact on 09/08/2025. No option, convertible or other derivative positions are reported in this filing.

Positive

  • Increased direct beneficial ownership to 8,457 shares following the reported transaction
  • Transaction is clearly explained as dividend equivalent rights on RSUs, indicating transparent reporting

Negative

  • None.

Insights

TL;DR: Small, non‑cash share accrual from dividend equivalents increases insider's direct stake to 8,457 shares; immaterial to valuation.

The Form 4 documents receipt of 15 shares attributed to dividend equivalent rights on RSUs, recorded as an acquisition at no cash price and raising direct beneficial ownership to 8,457 shares. This type of transaction is typically administrative and reflects compensation mechanics rather than open‑market purchasing or sale. There are no reported derivative holdings or disposals in this filing, and no cash consideration was paid.

TL;DR: Routine insider reporting of dividend equivalents on RSUs; compliance present via timely Form 4 submission signed by attorney‑in‑fact.

The filing indicates standard compliance with Section 16 reporting: a director reported a small acquisition resulting from dividend equivalents tied to RSUs. The explanatory note clarifies the nature of the shares. Filing by one reporting person and signature by an attorney‑in‑fact are documented, showing procedural adherence. There is no indication of changes to board status or other governance events.

Insider Dacus Shannon
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 15 $0.00 --
Holdings After Transaction: Common Stock — 8,457 shares (Direct)
Footnotes (1)
  1. [object Object]
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*
Dacus Shannon
(Last) (First) (Middle)
1201 S. BECKHAM AVE
(Street)
TYLER TX 75701
(City) (State) (Zip)
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)
3. Date of Earliest Transaction (Month/Day/Year)
09/04/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 09/04/2025 A 15(1) A $0(1) 8,457 D
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 09/08/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Shannon Dacus report on the Form 4 for SBSI?

The Form 4 reports an acquisition of 15 shares on 09/04/2025 recorded at a $0 price, explained as dividend equivalent rights on RSUs.

How many Southside Bancshares (SBSI) shares does the reporting person own after the transaction?

The reporting person beneficially owns 8,457 shares following the reported transaction.

Was any cash paid for the shares reported on the Form 4?

No cash was paid; the 15 shares are recorded at a $0 price and arise from dividend equivalent rights on RSUs.

Does the Form 4 report any derivative securities or option exercises?

No. Table II shows no derivative securities acquired, disposed of, or beneficially owned in this filing.

Who signed the Form 4 and when was it signed?

The form was signed by Lindsey Bibby Bailes, attorney in fact on 09/08/2025.