BOSWORTH MICHAEL J 4
4 · SOUTHSIDE BANCSHARES INC · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
SOUTHSIDE BANCSHARES (SBSI) Director Michael Bosworth Receives Award
What Happened
Michael J. Bosworth, a director of Southside Bancshares, was credited with 24 shares on March 5, 2026 as an award/acquisition (reported as code A) at a $0.00 price — these represent dividend-equivalent rights tied to RSUs rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-05; Form 4 filed: 2026-03-09. The filing was submitted after the typical 2-business-day reporting window for Form 4s.
- Transaction type/code: Award/Acquisition (A). Price per share reported: $0.00. Shares acquired: 24.
- Shares owned after the transaction: Not specified in the provided filing.
- Footnote: F1 — these 24 shares reflect dividend equivalent rights received pursuant to a cash dividend on RSUs; the dividend equivalents are subject to the same terms and conditions as the underlying RSUs.
Context
Dividend-equivalent credits on RSUs are commonly paid in additional RSU shares (or their cash equivalent) and follow the same vesting and forfeiture rules as the original RSUs. This transaction is an award credit, not a purchase or sale, and therefore is routine compensation-related activity rather than a direct signal of insider buying or selling intent.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-05+24→ 82,900 total
- 16,179(indirect: Bosworth & Associates Inc)
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.