STOCK TITAN

Southside Bancshares (SBSI) director credited 126 dividend-equivalent shares

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

Rhea-AI Filing Summary

Southside Bancshares Inc. director Alton L. Frailey reported an automatic share award. On the reported date, he acquired 126 shares of common stock at a price of $0.00 per share, increasing his directly held stake to 11,020 shares.

According to the footnote, these shares reflect dividend equivalent rights credited from a cash dividend on restricted stock units (RSUs) he holds. The dividend equivalents are subject to the same terms and conditions as the underlying RSUs, meaning they follow the same vesting and other restrictions.

Positive

  • None.

Negative

  • None.
Insider Frailey Alton L.
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 126 $0.00 --
Holdings After Transaction: Common Stock — 11,020 shares (Direct)
Footnotes (1)
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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*
Frailey Alton L.

(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)
03/05/2026
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 03/05/2026 A 126(1) A $0 11,020 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 03/09/2026
** 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.

FAQ

What insider transaction did Southside Bancshares (SBSI) disclose for Alton L. Frailey?

Southside Bancshares reported that director Alton L. Frailey acquired 126 shares of common stock at $0.00 per share. The award represents dividend equivalent rights credited on RSUs and increased his directly held position to 11,020 shares after the transaction.

Was the Southside Bancshares (SBSI) insider transaction a market purchase or a grant?

The transaction was a grant or award acquisition, not a market purchase. The Form 4 shows code “A” and describes the 126 shares as dividend equivalent rights tied to a cash dividend on RSUs, received at $0.00 per share.

How many Southside Bancshares (SBSI) shares does Alton L. Frailey hold after this Form 4?

After receiving the 126-share award, Alton L. Frailey directly holds 11,020 shares of Southside Bancshares common stock. These include the newly credited dividend equivalent rights, which are subject to the same terms as his underlying restricted stock units.

What are dividend equivalent rights in the Southside Bancshares (SBSI) Form 4 filing?

Dividend equivalent rights are additional shares credited when a cash dividend is paid on RSUs. In this case, 126 shares were granted to Alton L. Frailey as dividend equivalents, and they are subject to the same terms and conditions as the underlying RSUs.

Does the Southside Bancshares (SBSI) director transaction involve restricted stock units (RSUs)?

Yes. The footnote explains that the 126-share award reflects dividend equivalent rights from a cash dividend on RSUs held by the director. These dividend equivalent rights carry the same terms and conditions as the underlying RSUs, including applicable restrictions.