SOUTHSIDE (SBSI) Director Dacus Shannon Receives 14-Share Award

What Happened
Dacus Shannon, a director of SOUTHSIDE BANCSHARES INC (SBSI), was credited with 14 shares on 2026-09-03 as an award/acquisition (code A) at a reported price of $0.00, reflecting dividend-equivalent rights tied to RSUs. The reported acquisition value is $0 (dividend equivalents credited, not an open-market purchase).

Key Details

• Transaction date: 2026-09-03; Filing date: 2026-09-08 (filed 5 days after the transaction). This may be outside the typical 2-business-day Form 4 reporting window—check the filing for official timeliness status.
• Shares acquired: 14; Price per share: $0.00; Total reported value: $0.
• Shares owned after transaction: not disclosed in the provided summary.
• Footnote: The shares reflect dividend-equivalent rights received pursuant to a cash dividend on RSUs held by the reporting person; these dividend equivalents are subject to the same terms as the underlying RSUs (Footnote F1).
• Remarks: Filing references a Power of Attorney (EX-24).

Context
This was an award/dividend-equivalent credit on restricted stock units, not a market buy or sale. Such credits are routine corporate actions tied to RSUs and do not necessarily signal insider buying or selling intent. For traders tracking insider sentiment, purchases are generally more informative than dividend-equivalent awards; consider this entry as a non-cash compensation or dividend-related accrual.