Southside Bancshares officer granted 69 shares
Southside Bancshares Inc. chief lending officer Curtis Burchard reported a small stock-based compensation award.
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Form Type
4
Rhea-AI Filing Summary
Southside Bancshares Inc. chief lending officer Curtis Burchard reported a small stock-based compensation award. He acquired 69 shares of common stock at no cost through a grant or similar award, partly reflecting dividend equivalent rights tied to restricted stock units. Following this award, he holds 8,839 shares directly and 220 shares indirectly through the company’s ESOP and dividend reinvestment program, indicating a modest increase in his overall equity stake.
Insider Trade Summary
Grant/Award: 69 shares
Grant/Award
2 txns
Insider
Burchard Curtis
Role
CHIEF LENDING OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 69 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 8,839 shares (Direct);
Common Stock — 220 shares (Indirect, ESOP)
Footnotes (2)
- F1. 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.
- F2. Includes shares acquired under the Company's Dividend Reinvestment Program.
Key Figures
Stock grant: 69 shares
Direct holdings after transaction: 8,839 shares
Indirect ESOP holdings: 220 shares
+2 more
5 metrics
Stock grant
69 shares
Common Stock grant/award on 2026-06-01 at $0.0000 per share
Direct holdings after transaction
8,839 shares
Common Stock directly owned by Curtis Burchard after grant
Indirect ESOP holdings
220 shares
Common Stock held indirectly through ESOP after reported entry
Acquire transactions
1
Number of acquisition-type entries in transaction summary
Holding entries
1
Number of holding-type entries related to ESOP in summary
Key Terms
dividend equivalent rights, RSUs, Dividend Reinvestment Program, ESOP
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.
Dividend Reinvestment Program financial
"Includes shares acquired under the Company's Dividend Reinvestment Program."
A dividend reinvestment program lets investors automatically use cash dividends to buy more shares of the same company instead of taking the money as cash. Think of it like an automatic savings plan that turns small payouts into additional ownership, often including fractional shares, which can speed up compound growth and reduce the need for manual buying decisions — a convenience that can boost long-term returns for shareholders.
ESOP financial
"nature_of_ownership": "ESOP""
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SBSI officer Curtis Burchard report?
Curtis Burchard reported acquiring 69 shares of Southside Bancshares common stock as a grant or similar award at no cost. The filing classifies this as a compensation-related acquisition, rather than an open-market purchase or sale.
How are dividend equivalent rights described in the SBSI Form 4 footnotes?
Dividend equivalent rights are described as amounts received due to a cash dividend on RSUs, subject to the same terms and conditions as the underlying RSUs. In this case, they contributed to the 69-share compensation-related acquisition reported.
What does ESOP ownership mean in Curtis Burchard’s SBSI holdings?
ESOP ownership indicates that 220 Southside Bancshares shares are held for Curtis Burchard through the company’s employee stock ownership plan. These are reported as indirect holdings, separate from his 8,839 directly held shares of common stock.
Did the SBSI Form 4 show any insider sales by Curtis Burchard?
The Form 4 did not report any sales by Curtis Burchard. It showed a compensation-related acquisition of 69 shares and an indirect ESOP holding entry, with no open-market dispositions or taxable-withholding sales disclosed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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