SOUTHSIDE BANCSHARES (SBSI) Director Lee R. Gibson Receives 97-Share Award

What Happened

• Lee R. Gibson, a director of SOUTHSIDE BANCSHARES INC (SBSI), was credited with 97 shares on 2026-09-03 as an award/acquisition. The reported per-share price is $0.00, yielding $0 cash consideration. The filing indicates these were dividend-equivalent rights tied to existing RSUs rather than a cash purchase or sale.

Key Details

• Transaction date: 2026-09-03
• Transaction type/code: Award/other acquisition (A)
• Shares acquired: 97; Price: $0.00; Reported value: $0
• Footnote: Dividend equivalent rights received pursuant to a cash dividend on RSUs; these rights are subject to the same terms and conditions as the underlying RSUs (Footnote F1)
• Shares owned after transaction: Not specified in the filing
• Filing date / timeliness: Form 4 filed 2026-09-08 (late relative to the 2-business-day reporting requirement; marked as a late filing)

Context

• This was a dividend-equivalent credit on existing restricted stock units (RSUs), meaning the company paid the economic equivalent of a dividend in shares that remain subject to the RSU terms (vesting/forfeiture). Such credits are routine and do not represent an open-market purchase or sale by the insider. The late filing reduces near-term transparency but does not, by itself, indicate misconduct. See attached Power of Attorney (EX-24) noted in the filing.