Arnold T L Jr 4
Research Summary
AI-generated summary
SBSI CCO Arnold T.L. Jr Receives 55-Share Award
What Happened
Arnold T. L., Jr., Chief Credit Officer of Southside Bancshares, was reported to have acquired 55 shares on 2026-03-05 as an award (transaction code A). The Form 4 lists the acquisition price as $0.00, reflecting dividend-equivalent rights tied to restricted stock units rather than a market purchase.
Key Details
- Transaction date: 2026-03-05; filing date: 2026-03-09 (filed within the required two business days).
- Transaction type/code: Award/other acquisition (A). Price reported: $0.00 for 55 shares.
- Shares owned after transaction: Not specified in the provided filing details.
- Footnote F1: These 55 shares reflect dividend equivalent rights received pursuant to a cash dividend on RSUs; they are subject to the same terms and conditions as the underlying RSUs.
- Footnote F2: Describes ESOP contribution/forfeiture allocation and dividend reinvestment (appears to relate to aggregate ownership reporting).
Context
Dividend-equivalent awards on RSUs are a routine form of compensation and are recorded as acquisitions at no cash cost to the insider; they are not the same as an open-market purchase and do not necessarily indicate a change in insider sentiment. The filing was timely.