Garrett John Robert 4

What Happened

• Garrett John Robert, a director and chair of the board at SOUTHSIDE BANCSHARES INC (SBSI), was credited with 16 shares on 2026-03-05 as an award/acquisition. The filing reports a $0 per-share price and $0 total value because these shares were issued as dividend-equivalent rights tied to his existing RSUs, not an open-market purchase.

Key Details

• Transaction date: 2026-03-05 (reported on Form 4 with filing date 2026-03-09)
• Transaction type/code: Award/Grant (Code A)
• Shares acquired: 16; Price reported: $0.00; Total reported value: $0
• Shares owned after transaction: Not specified in the provided filing excerpt (see full Form 4 for holdings)
• Footnote: F1 — these 16 shares reflect dividend-equivalent rights from a cash dividend on RSUs; the dividend equivalents are subject to the same terms and conditions as the underlying RSUs
• Timeliness: Filed on 2026-03-09, within the required two business days following the 2026-03-05 transaction

Context

• Dividend-equivalent awards on RSUs are a routine administrative issuance that converts a cash dividend entitlement into additional RSU shares or equivalent units; they are not an open-market purchase or sale. Such awards typically reflect plan mechanics rather than a direct signal of the insider’s view of the stock.