SHANDS HILLIARD J 4
4 · SOUTHSIDE BANCSHARES INC · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Southside Bancshares (SBSI) Director Shands Hilliard Receives 16-Share Award
What Happened
- Director Shands Hilliard received 16 shares on March 5, 2026 as an award/other acquisition (transaction code A). The filing shows an acquisition price of $0, so the reported dollar value of this transaction is $0. The Form 4 was filed March 9, 2026.
Key Details
- Transaction date: 2026-03-05; Form 4 filed: 2026-03-09 (appears timely).
- Shares acquired: 16; Price per share reported: $0.00; Total reported value: $0.
- Transaction type: A = Award/other acquisition (dividend-equivalent credit on RSUs).
- Shares owned after the transaction: not specified in the information provided in this summary.
- Footnote: The acquisition reflects dividend equivalent rights received on RSUs held by the reporting person; these dividend equivalents are subject to the same terms and conditions as the underlying RSUs (Footnote F1).
Context
- These were dividend-equivalent credits tied to existing restricted stock units (RSUs), not an open-market purchase or sale. Such credits are routine corporate actions that convert cash dividends on RSUs into additional RSU shares and typically do not signal a change in insider conviction.
Insider Transaction Report
Form 4
SHANDS HILLIARD J
Director
Transactions
- Award
Common Stock
[F1]2026-03-05+16→ 34,381 total
Holdings
- 201,952(indirect: By Trust)
Common Stock
- 6,795(indirect: By IRA)
Common Stock
- 5,721(indirect: By Spouse)
Common Stock
Footnotes (1)
- [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.
Signature
Lindsey Bibby Bailes, attorney in fact|2026-03-09