Green Jared C. 4
Research Summary
AI-generated summary
SOUTHSIDE BANCSHARES (SBSI) Regional President Jared C. Green Receives Award
What Happened
- Jared C. Green, Regional President, ETX, was granted/acquired 23 shares on 2026-03-05. The Form 4 lists the transaction as an award/acquisition (code A) at $0.00 per share (total reported value $0). The filing indicates these shares reflect dividend-equivalent rights tied to RSUs, not an open‑market purchase.
Key Details
- Transaction date: 2026-03-05; Form 4 filed: 2026-03-09.
- Transaction type: Grant/award (A); 23 shares; reported price $0.00; total $0.
- Footnote F1: These 23 shares reflect dividend-equivalent rights received pursuant to a cash dividend on RSUs held by the reporting person; dividend equivalents are subject to the same terms as the underlying RSUs.
- Other footnotes on the filing (F2, F3) reference ESOP contributions and dividend reinvestment programs used elsewhere in company disclosures.
- Shares owned after the transaction were not provided in the information supplied.
- Filing timing: Reported on Mar 9 for a Mar 5 transaction; this timing appears consistent with typical Form 4 reporting windows.
Context
- Dividend-equivalent awards convert dividends on restricted stock units into cash or shares under the RSU plan; they are compensation-related and not the same as an insider buying shares with personal funds. Such awards are routine and generally carry less informational weight than open-market purchases by insiders.