Burchard Curtis 4
Research Summary
AI-generated summary
Southside Bancshares (SBSI) Chief Lending Officer Receives Award
What Happened
- Burchard Curtis, Chief Lending Officer of Southside Bancshares, was credited with 71 shares on 2026-03-05. The Form 4 reports the transaction as an award/acquisition (code A) at $0.00 per share (total $0).
- This was not an open‑market purchase or sale but an issuance/crediting of shares (dividend-equivalent award tied to RSUs and/or plan allocations).
Key Details
- Transaction date: 2026-03-05; filing date: 2026-03-09 (filed within the standard two-business-day Form 4 window).
- Transaction type/code: A — Grant/award or other acquisition.
- Number of shares: 71; reported price: $0.00; reported value: $0.
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Footnotes in the filing:
- F1: These reflect dividend-equivalent rights received pursuant to a cash dividend on RSUs; dividend equivalents follow the RSU terms.
- F2: Amounts may include shares from the company’s annual ESOP contribution, forfeiture allocation, and quarterly dividend reinvestment.
Context
- This is a routine compensation/plan-related credit (dividend equivalents or plan allocation) rather than a market purchase or sale. Such awards are typically administrative and do not, by themselves, indicate an insider’s buying or selling intent.