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SOUTHSIDE BANCSHARES INC·4

Mar 9, 3:56 PM ET

Dacus Shannon 4

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SOUTHSIDE BANCSHARES (SBSI) Director Dacus Shannon Receives Award

What Happened Dacus Shannon, a director of SOUTHSIDE BANCSHARES, was granted 16 shares reported as an award/acquisition on 2026-03-05. The filing shows the shares were acquired at $0.00 (total reported value $0), reflecting dividend-equivalent rights tied to restricted stock units (RSUs) rather than a cash purchase.

Key Details

  • Transaction date: 2026-03-05; Form 4 filed: 2026-03-09 (filed within the required two business days).
  • Transaction type/code: Award/Acquisition (A).
  • Shares acquired: 16 at $0.00 (total reported $0).
  • Shares owned after transaction: not specified in the information provided in this summary.
  • Footnote: The shares represent dividend-equivalent rights from a cash dividend on RSUs; these rights are subject to the same terms and conditions as the underlying RSUs (per filing footnote).

Context This was an award of dividend-equivalent shares tied to existing RSUs, not an open-market purchase or sale. Such dividend-equivalent distributions are typically noncash and do not by themselves indicate the insider bought or sold stock for investment reasons.