ANDERSON LAWRENCE LAZELLE 4

What Happened

• Lawrence Lazelle Anderson, a director of SOUTHSIDE BANCSHARES INC (SBSI), was granted 18 shares on 2026-06-01 as an award (transaction code A). The reported acquisition price is $0.00, so the filing shows $0 in cash paid for these shares. This was not an open-market purchase or sale but dividend-equivalent shares credited on RSUs.

Key Details

• Transaction date: 2026-06-01; Form filed: 2026-06-03 (timely filing).
• Transaction type: Award/Grant (code A) — 18 shares acquired at $0.00 (value reported $0).
• Shares owned after the transaction: not specified in the filing.
• Footnote: These 18 shares reflect dividend equivalent rights received pursuant to a cash dividend on RSUs held by the reporting person; the dividend equivalents are subject to the same terms and conditions as the underlying RSUs.
• No indication of a 10b5-1 plan, tax withholding, or late filing in the report.

Context

• Dividend-equivalent awards on RSUs are a non-cash issuance that mirrors dividends paid on common shares and are typically subject to the original RSU terms (vesting, forfeiture rules). Such awards are routine corporate actions and do not by themselves indicate a buy or sell decision by the insider.