Martinez Anne 4

What Happened Anne Martinez, Chief Risk Officer (CRO) of SOUTHSIDE BANCSHARES INC (SBSI), was credited with 50 shares on March 5, 2026 as an award/acquisition (transaction code A). The reported acquisition price is $0.00, indicating these shares were received as dividend-equivalent rights tied to restricted stock units (RSUs), not bought on the open market.

Key Details

• Transaction date: 2026-03-05; Report filed: 2026-03-09 (timely under Form 4 rules).
• Transaction type/code: Award/Acquisition (A).
• Shares acquired: 50 shares; reported acquisition price: $0.00 (value shown as $0).
• Shares owned after transaction: not specified in the filing.
• Footnote of note (F1): These 50 shares reflect dividend-equivalent rights from a cash dividend on RSUs held by the reporting person; dividend equivalents carry the same terms as the underlying RSUs.
• Other footnotes in the filing (F2, F3) describe DRIP, payroll contributions, and ESOP credits for other holdings but are not specifically tied to this 50-share entry.

Context Dividend-equivalent awards on RSUs are routine corporate compensation adjustments and do not represent an open-market purchase or sale. They generally reflect dividend payments being credited in share form and should not be read as a directional trading signal by themselves.