Vanguard (NYSE: SBSI) amendment lists 0% ownership after internal realignment
Rhea-AI Filing Summary
The Vanguard Group filed Amendment No. 7 to a Schedule 13G/A reporting 0% beneficial ownership of Southside Bancshares Inc Common Stock. The amendment states that, following an internal realignment on January 12, 2026, certain Vanguard subsidiaries will report holdings separately in reliance on SEC Release No. 34-39538. The filing lists Amount beneficially owned: 0 and is signed by Ashley Grim, Head of Global Fund Administration, on 03/27/2026.
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Insights
Amendment shows zero reported ownership after Vanguard's internal reorganization.
The amendment explicitly lists Amount beneficially owned: 0 and Percent of class: 0%, reflecting the disaggregation of holdings among Vanguard entities pursuant to SEC Release No. 34-39538. This is a reporting change, not an economic disposition described in the excerpt.
Implications depend on subsequent filings by the disaggregated subsidiaries; subsequent Schedules will show where holdings are now reported and quantify any institutional positions.
Filing follows the SEC disaggregation framework after an internal reorganization.
The text states the change was effected by internal realignment on January 12, 2026 and relies on the cited SEC release to permit separate reporting by subsidiaries or business divisions. The amendment clarifies that The Vanguard Group, Inc. "no longer has, or is deemed to have, beneficial ownership" of securities held by those entities.
Watch for additional 13G/A or 13D/G filings from the named Vanguard entities that will disclose any actual share amounts and voting/dispositive powers.
FAQ
What does Vanguard report for SBSI in this Schedule 13G/A amendment?
Why does The Vanguard Group list zero ownership for SBSI?
Who signed the Schedule 13G/A amendment for Vanguard and when?