Southside Bancshares (SBSI) director adds inherited stake
Rhea-AI Filing Summary
SOUTHSIDE BANCSHARES INC (SBSI) director Shands Hilliard J reported an acquisition of 6,525 shares of common stock on June 24, 2026, classified as an acquisition by will or laws of descent and distribution at a stated price of $0.00 per share. Following this, he directly holds 42,166 shares, and also reports indirect holdings of 201,952 shares through a Spousal Trust, 6,795 shares in an IRA, and 5,721 shares in a spouse’s IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 6,525 shares
Net Buy
4 txns
Insider
SHANDS HILLIARD J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Estate Transfer | Common Stock | 6,525 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 42,166 shares (Direct);
Common Stock — 201,952 shares (Indirect, Spousal Trust);
Common Stock — 6,795 shares (Indirect, IRA);
Common Stock — 5,721 shares (Indirect, Spouse - IRA)
Key Figures
Shares acquired: 6,525 shares
Direct holdings after transaction: 42,166 shares
Spousal Trust holdings: 201,952 shares
+3 more
6 metrics
Shares acquired
6,525 shares
Common Stock acquired by will or laws of descent and distribution on 2026-06-24
Direct holdings after transaction
42,166 shares
Direct ownership of Common Stock following the 2026-06-24 acquisition
Spousal Trust holdings
201,952 shares
Indirect ownership through Spousal Trust as of 2026-06-24
IRA holdings
6,795 shares
Indirect ownership through IRA as of 2026-06-24
Spouse IRA holdings
5,721 shares
Indirect ownership through spouse’s IRA as of 2026-06-24
Restructuring shares
6,525 shares
Shares flagged in transaction summary as restructuring-related on 2026-06-24
Key Terms
laws of descent and distribution, Spousal Trust, IRA
3 terms
laws of descent and distribution regulatory
"Acquisition or disposition by will or laws of descent and distribution"
Spousal Trust financial
"Indirect ownership type reported as Spousal Trust"
IRA financial
"Indirect ownership type reported as IRA and Spouse - 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.
FAQ
What insider transaction did SBSI director Shands Hilliard J report on June 24, 2026?
Shands Hilliard J reported acquiring 6,525 shares of SOUTHSIDE BANCSHARES INC common stock on June 24, 2026. The acquisition was classified as by will or laws of descent and distribution, at a stated price of $0.00 per share.
What indirect holdings in SBSI does Shands Hilliard J report?
Shands Hilliard J reports indirect holdings of 201,952 shares through a Spousal Trust, 6,795 shares in an IRA, and 5,721 shares in a spouse’s IRA. These positions are categorized as indirect ownership in SOUTHSIDE BANCSHARES INC common stock.
Was the June 24, 2026 SBSI insider transaction a market purchase or sale?
The June 24, 2026 transaction was not a market trade; it is coded as an acquisition by will or laws of descent and distribution. The Form 4 lists a price of $0.00 per share, indicating it was an estate-related transfer, not an open-market buy or sell.
Does the SBSI Form 4 indicate use of a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not checked, so the reported SBSI insider transactions are not affirmed as made under a Rule 10b5-1 trading plan. No footnote description of a trading plan is provided in the data shown.
AI-generated analysis. How Rhea-AI works. Not financial advice.
