GIBSON LEE R 4
4 · SOUTHSIDE BANCSHARES INC · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
SOUTHSIDE BANCSHARES (SBSI) Director Lee R. Gibson Receives Award
What Happened
Lee R. Gibson, a director of SOUTHSIDE BANCSHARES, was granted/acquired 82 shares on March 5, 2026. The Form 4 reports these 82 shares at $0.00 (total reported value $0), reflecting dividend-equivalent rights tied to restricted stock units (RSUs), not an open‑market purchase or sale.
Key Details
- Transaction date: 2026-03-05; Filing date: 2026-03-09 (Form 4).
- Transaction type: A (Grant/award or other acquisition). Price reported: $0.00; total value $0.
- Shares acquired: 82. Shares owned after the transaction: not specified in the filing.
- Footnotes included in the filing:
- F1: These 82 shares reflect dividend-equivalent rights on RSUs; they follow the same terms as the underlying RSUs.
- F2: Filing also notes annual ESOP contribution, forfeiture allocation and quarterly dividend reinvestment are included in other totals.
- F3: Includes shares acquired under the Company’s Dividend Reinvestment Program.
- No indication this filing was late; transaction appears to be a routine comp/benefit-related award.
Context
Dividend-equivalent awards on RSUs are compensation-related transfers and are different from purchases or sales; they don't necessarily reflect the director’s personal buying or selling sentiment. Because the reported price is $0.00, this entry documents the issuance of shares tied to existing RSUs rather than a cash transaction.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-05+82→ 54,384 total
- 31,904(indirect: by ESOP)
Common Stock
[F2] - 8,665(indirect: By Trust)
Common Stock
[F3]
Footnotes (3)
- [F1]Reflects dividend equivalent rights received pursuant to a cash dividend on RSUs held by the reporting person. Dividend equivalent rights are subject to the same terms and conditions as the underlying RSUs.
- [F2]Amount includes shares received in connection with the Company's annual ESOP contribution, forfeiture allocation and quarterly dividend reinvestment.
- [F3]Includes shares acquired under the Company's Dividend Reinvestment Program.