GIBSON LEE R 4
Research Summary
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Southside Bancshares (SBSI) Director Lee R. Gibson Receives 93-Share Award
What Happened Lee R. Gibson, a director of Southside Bancshares, received 93 shares on 2026-06-01 as an award/other acquisition. The filing reports an acquisition price of $0.00, indicating these shares were credited as dividend-equivalent rights tied to restricted stock units (RSUs), not a cash purchase.
Key Details
- Transaction date: 2026-06-01; Report filed: 2026-06-03 (filed two days after the transaction).
- Shares received: 93; reported acquisition price: $0.00 (dividend-equivalent credit).
- Shares owned after transaction: not disclosed in this Form 4.
- Footnotes: F1 — these 93 shares reflect dividend-equivalent rights paid on RSUs and are subject to the same terms as the underlying RSUs. F2 — notes shares transferred from ESOP and 401(k) since the last filing.
- Filing timeliness: filed two days after the transaction; appears to meet typical Form 4 timing requirements.
Context This was a non-cash dividend-equivalent award tied to existing RSUs rather than an open-market buy or a sale. Such credits are routine corporate compensation actions and should not be read as an explicit buy/sell signal by the insider.