SOUTHSIDE BANCSHARES (SBSI) Chief Treasury Officer Receives 43 Shares

What Happened

• Suni M. Davis, Chief Treasury Officer of SOUTHSIDE BANCSHARES, reported an acquisition of 43 shares on 2026-09-03. The shares were reported at $0.00 per share (total reported value $0) and are coded as an award/grant (transaction code A).
• The filing indicates these 43 shares reflect dividend equivalent rights paid on RSUs (see Footnote F1). This is a compensation/dividend-related issuance rather than a market purchase or sale.

Key Details

• Transaction date: 2026-09-03; Filing date (Form 4): 2026-09-08 (filed after the transaction; appears late relative to the usual 2-business-day reporting window).
• Price: $0.00 per share; Total reported value: $0.
• Shares owned after transaction: not disclosed in the provided excerpt of the filing.
• Notable footnotes:
  • F1: Dividend equivalent rights received pursuant to a cash dividend on RSUs; subject to same terms as underlying RSUs.
  • F2: Includes shares acquired under the company's Dividend Reinvestment Program (DRIP).
  • F3: Includes DRIP shares and shares acquired via monthly payroll contributions.
• Remarks note a Power of Attorney filing (EX-24).

Context

• Dividend equivalents on RSUs are a routine compensation/payment mechanism and do not indicate an open-market purchase or sale by the insider. Such awards are typically tied to existing restricted stock units and company dividend policy.
• Because this was an award (not a sale), it should not be interpreted as a direct buy signal; it's compensation-related. The filing appears to have been submitted after the typical reporting window, which may be a compliance timing issue.