SHANDS HILLIARD J 4
Research Summary
AI-generated summary
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.