Southside Bancshares risk chief granted 44 shares
Southside Bancshares’ chief risk officer received a small stock award via dividend equivalents, modestly increasing her direct and benefit-plan holdings.
Rhea-AI Filing Summary
SOUTHSIDE BANCSHARES INC (SBSI) reports that chief risk officer Anne Martinez acquired 44 shares of Common Stock on September 3, 2026 through a grant of dividend equivalent rights tied to restricted stock units, at no cash cost per share. After this award, she holds 8,416 shares directly and additional indirect holdings through a 401(k) plan, an employee stock ownership plan, and a spouse individual retirement account. No transactions in this filing were made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 44 shares
Grant/Award
4 txns
Insider
Martinez Anne
Role
CRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 44 | $0.00 | $0.00 |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 8,416 shares (Direct);
Common Stock — 3,659 shares (Indirect, 401k);
Common Stock — 2,886 shares (Indirect, ESOP);
Common Stock — 303 shares (Indirect, Spouse IRA)
Footnotes (3)
- 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 and shares acquired through monthly payroll contributions.
- F3. Includes shares acquired under the Company's Dividend Reinvestment Program.
Key Figures
Shares acquired via dividend equivalent rights: 44 shares
Direct Common Stock holdings: 8,416 shares
401(k) plan holdings: 3,659 shares
+3 more
6 metrics
Shares acquired via dividend equivalent rights
44 shares
Grant on September 3, 2026 to chief risk officer Anne Martinez
Direct Common Stock holdings
8,416 shares
Direct ownership after the September 3, 2026 award
401(k) plan holdings
3,659 shares
Indirect ownership through a 401(k) account as of September 3, 2026
Employee stock ownership plan holdings
2,886 shares
Indirect ownership through an employee stock ownership plan as of September 3, 2026
Spouse IRA holdings
303 shares
Indirect ownership through a spouse individual retirement account as of September 3, 2026
Per-share price for awarded shares
$0.00 per share
Dividend equivalent rights granted on September 3, 2026 carried no cash purchase price
Key Terms
dividend equivalent rights, restricted stock units, Dividend Reinvestment Program, employee stock ownership plan, +1 more
5 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.
restricted stock units financial
"Reflects dividend equivalent rights received pursuant to a cash dividend on RSUs held by the reporting person."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Dividend Reinvestment Program financial
"Includes shares acquired under the company's Dividend Reinvestment Program and shares acquired through monthly payroll contributions."
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.
employee stock ownership plan financial
"Includes shares acquired under the Company's Dividend Reinvestment Program."
An employee stock ownership plan (ESOP) is a company-run program that gives workers ownership stakes by allocating or letting them buy company shares, often through a retirement-style account. For investors, ESOPs matter because they align employees’ incentives with company performance—like turning staff into shareholders—which can boost productivity and long-term value but may also concentrate employee retirement savings in company stock, affecting financial risk and share demand.
individual retirement account financial
"Common Stock held indirectly through a Spouse IRA."
A tax-advantaged retirement account owned by an individual that holds investments such as stocks, bonds, mutual funds or cash and is governed by rules about how much can be contributed and when money can be withdrawn. It matters to investors because the account’s specific tax rules and withdrawal limits affect how savings grow and when taxes are paid; think of it as a labeled box for retirement money that comes with special tax treatment and rules about when you can open it.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SBSI’s chief risk officer report on September 3, 2026?
Anne Martinez reported acquiring 44 shares of Common Stock on September 3, 2026 through a grant of dividend equivalent rights related to restricted stock units, with no cash paid per share.
Were the reported SBSI insider transactions made under a Rule 10b5-1 plan?
No. The filing indicates that the transactions reported for Anne Martinez were not made pursuant to a Rule 10b5-1 trading plan.
How are dividends and contributions reflected in SBSI benefit plan holdings for Anne Martinez?
The 401(k) and employee stock ownership plan balances include shares acquired through the company’s Dividend Reinvestment Program, and the 401(k) also includes shares acquired through monthly payroll contributions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
