Dacus Shannon 4

What Happened

• Dacus Shannon, a director of Southside Bancshares, received an award of 14 shares on 2026-06-01. The reported transaction is an acquisition (award) recorded at $0.00 — these are dividend-equivalent rights tied to RSUs rather than an open-market purchase.

Key Details

• Transaction date: 2026-06-01; Transaction type/code: A (award/acquisition); Price reported: $0.00 for 14 shares.
• Shares acquired: 14; reported dollar value for the grant: $0.00 (dividend equivalents credited).
• Shares owned after the transaction: not specified in the summary provided.
• Footnote: The filing notes these are dividend equivalent rights received pursuant to a cash dividend on RSUs and are subject to the same terms and conditions as the underlying RSUs.
• Filing: Report filed 2026-06-03 covering the 2026-06-01 transaction (appears to have been filed promptly).

Context

• Dividend-equivalent awards on RSUs are routine, non-cash credits reflecting dividends on restricted stock units; they are not the same as an insider buying shares on the open market. Such awards are generally part of compensation or dividend treatment and do not necessarily signal a deliberate buy/sell decision by the insider.