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Southside Bancshares (SBSI) Director Logs Dividend-Equivalent RSU Credit Increasing Holdings

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

Rhea-AI Filing Summary

Patricia Ann Callan, a director of Southside Bancshares, Inc. (SBSI), received dividend-equivalent rights tied to restricted stock units on 09/04/2025. The Form 4 reports an acquisition coded "A" for 15 dividend-equivalent units at no cash price, which increased her direct beneficial ownership to 5,858 shares. The filing also shows she beneficially owns 5,039 shares indirectly in an IRA. The filing explains these dividend equivalents arise from a cash dividend on RSUs and follow the same terms as the underlying RSUs.

The form was executed by an attorney-in-fact on 09/08/2025. No cash purchase or sale of shares is reported; this is a routine compensation-related ownership adjustment.

Positive

  • Increased direct ownership to 5,858 shares following receipt of dividend-equivalent rights
  • Clear disclosure that the units are dividend equivalents tied to existing RSUs and subject to the same terms

Negative

  • None.

Insights

TL;DR: Routine dividend-equivalent credit modestly increases insider ownership; no cash outlay or sale reported.

The 15 units received are dividend-equivalent credits tied to existing RSUs, not new stock purchases. Such credits typically have limited near-term market impact because they reflect compensation accruals rather than open-market acquisitions. Direct ownership now totals 5,858 shares with an additional 5,039 held indirectly in an IRA, indicating modest insider alignment with shareholder outcomes but not a material change in holdings for a public company.

TL;DR: Disclosure is standard and consistent with compensation practices; no governance red flags.

The Form 4 properly discloses a non‑market transaction: dividend equivalent rights on RSUs. The explanatory note clarifies treatment and the filing was signed by an attorney-in-fact, which is acceptable when delegated. There are no indications of accelerated exercise, transfers, or related-party transactions that would raise governance concerns.

Insider CALLAN PATRICIA ANN
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 15 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 5,858 shares (Direct); Common Stock — 5,039 shares (Indirect, IRA)
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*
CALLAN PATRICIA ANN
(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) 5,858 D
Common Stock 5,039 I IRA
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 change did Patricia Ann Callan report on Form 4 for SBSI?

She received 15 dividend-equivalent rights on RSUs on 09/04/2025, increasing her direct beneficial ownership to 5,858 shares.

Did the Form 4 report any purchases or sales of SBSI stock?

No market purchase or sale was reported; the entry is coded as an acquisition of dividend-equivalent rights at $0.

What is the nature of the dividend-equivalent rights reported?

They are credits from a cash dividend on RSUs and are subject to the same terms and conditions as the underlying RSUs.

How much indirect ownership does the reporting person hold after the transaction?

5,039 shares are held indirectly in an IRA according to the Form 4.

Who signed the Form 4 and when?

Signed by Lindsey Bibby Bailes, attorney-in-fact, on 09/08/2025.