Southside Bancshares (SBSI) COO receives 53-share stock award, holds 5,574 total
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Southside Bancshares Inc. Chief Operating Officer John Mitchell Craddock Jr. reported a compensation-related stock award. He received 53 shares of Common Stock on a grant or award basis, at a stated price of $0.00 per share, bringing his direct holdings to 5,357 shares.
The filing also reflects 217 shares held indirectly through an ESOP. Footnotes explain that some holdings include dividend equivalent rights tied to RSUs and shares acquired under the company’s Dividend Reinvestment Program. No open-market purchases or sales were reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Craddock John Mitchell Jr.
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 53 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,357 shares (Direct, null);
Common Stock — 217 shares (Indirect, ESOP)
Footnotes (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. Includes shares acquired under the Company's Dividend Reinvestment Program.
Key Figures
Stock award: 53 shares
Direct holdings after transaction: 5,357 shares
Indirect ESOP holdings: 217 shares
3 metrics
Stock award
53 shares
Grant, award, or other acquisition of Common Stock at $0.00 per share
Direct holdings after transaction
5,357 shares
Common Stock held directly by COO following the 53-share award
Indirect ESOP holdings
217 shares
Common Stock held indirectly through ESOP after reported holding entry
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
"Reflects dividend equivalent rights received pursuant to a cash dividend on RSUs held by the reporting person."
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.
