Anthony Sherri 4
Research Summary
AI-generated summary
Southside Bancshares (SBSI) Chief Banking Officer Receives 33 Shares
What Happened
- Anthony Sherri, Chief Banking Officer of Southside Bancshares, received 33 shares on March 5, 2026. The shares were reported as an award/acquisition (code A) at $0.00 per share (total cash price $0).
- The filing indicates these shares reflect dividend-equivalent rights tied to RSUs and other routine equity plan credits rather than an open-market purchase.
Key Details
- Transaction date: 2026-03-05; Filing date: 2026-03-09 (timely under Form 4 rules).
- Transaction type/code: Award/Acquisition (A).
- Price per share: $0.00; Total cash paid: $0.
- Shares received: 33 shares.
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes: F1 — shares reflect dividend-equivalent rights on RSUs subject to the same terms as the underlying RSUs. F2 — amount may include ESOP contribution, forfeiture allocation, and dividend reinvestment.
- No indication of a 10b5-1 plan, sale, gift, or tax-withholding event in this transaction.
Context
- These shares were issued as dividend-equivalent payments and/or routine plan credits (ESOP/dividend reinvestment), which are common corporate compensation mechanics and do not necessarily signal a buy/sell decision by the insider.
- Because the acquisition was at $0 (non-cash award), it differs from an open-market purchase that might be interpreted as a stronger bullish signal.