SOUTHSIDE BANCSHARES (SBSI) Director Lawrence Anderson Receives 19-Share Award

What Happened

• Lawrence Lazelle Anderson, a director of Southside Bancshares Inc. (SBSI), was granted 19 shares on 2026-09-03. The shares were reported as an award/acquisition (code A) at $0.00 per share (total reported value $0).
• The filing notes these 19 shares reflect dividend equivalent rights paid in stock on RSUs held by the reporting person; the dividend equivalents are subject to the same terms and conditions as the underlying RSUs. This was not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-03; Filing date (Form 4): 2026-09-08 (filing marked late).
• Transaction type/code: Award/Grant (A) — 19 shares acquired at $0.00.
• Reported value: $0 (dividend-equivalent shares on RSUs).
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: Dividend equivalent rights received pursuant to a cash dividend on RSUs; subject to same terms/conditions as the RSUs.
• Timeliness: The Form 4 was filed 5 days after the transaction date and is flagged as late relative to the standard 2-business-day reporting requirement.

Context

• Dividend-equivalent awards are typically routine compensation adjustments tied to RSUs and do not represent an independent purchase or sale decision by the insider. They are often small and do not necessarily indicate a change in the insider’s market view.
• For retail investors, these types of filings mainly signal compensation-related share issuance rather than a directional insider trade.