ANDERSON LAWRENCE LAZELLE 4

What Happened
Anderson Lazelle Anderson, a director of Southside Bancshares, received 22 shares on 2026-03-05 as an award/acquisition. The shares were granted as dividend equivalent rights on RSUs and were acquired at $0, so the reported transaction value is $0. This was an award/accretion of shares rather than a market purchase or sale.

Key Details

• Transaction date: 2026-03-05; Form 4 filed: 2026-03-09. The filing date appears to meet the usual two-business-day Form 4 reporting window.
• Transaction type/code: Award/acquisition (A) — dividend equivalent rights on RSUs.
• Shares received: 22; acquisition price reported: $0; total reported value: $0.
• Shares owned after transaction: Not disclosed in the supplied data.
• Footnote: F1 — These 22 shares reflect dividend equivalent rights paid in cash on RSUs held by the reporting person; the dividend equivalents are subject to the same terms as the underlying RSUs.

Context
Dividend-equivalent payments on RSUs are routine corporate actions that convert accrued dividends into additional shares for the holder. They are not open-market purchases and therefore do not necessarily signal insider buying interest. For retail investors, this is typically a mechanical issuance tied to the director’s existing RSUs rather than a deliberate investment decision.