Southside Bancshares (SBSI) CCO Arnold T L Jr Receives Award

What Happened

• Arnold T L Jr, Chief Credit Officer of Southside Bancshares, received an award of 56 shares on 2026-09-03. The Form 4 reports these as a grant/award (code A) with an acquisition price of $0. The filing notes these are dividend-equivalent rights tied to existing RSUs rather than a cash purchase.

Key Details

• Transaction date: 2026-09-03; Report filed: 2026-09-08.
• Shares received: 56; Price per share reported: $0.00; Total reported acquisition value: $0.
• Shares owned after the transaction: Not stated in the provided filing details.
• Relevant footnotes:
  • F1: The 56 shares reflect dividend-equivalent rights from a cash dividend on RSUs; these rights follow the same terms as the underlying RSUs.
  • F2: Indicates some holdings may include shares acquired under the company's Dividend Reinvestment Program (noted generally).
• Remarks: Power of Attorney referenced (EX-24) attached to the filing.
• Timeliness: The report was filed five days after the transaction date (Sep 3 → Sep 8); investors may want to confirm timeliness compliance with SEC reporting rules.

Context

• This transaction represents issuance of dividend-equivalent shares tied to existing restricted stock units (RSUs), not an open-market purchase or sale. Such dividend-equivalent awards are common and typically reflect automatic corporate dividend treatment on outstanding RSUs rather than a directional insider buy or sell.