Anthony Sherri 4
Research Summary
AI-generated summary
SBSI Chief Banking Officer Anthony Sherri Receives 32-Share Award
What Happened Anthony Sherri, Chief Banking Officer of SOUTHSIDE BANCSHARES INC (SBSI), was credited with 32 shares on 2026-06-01 as an award/grant (reported acquisition price $0.00; total reported value $0). The filing identifies this grant as dividend-equivalent rights tied to restricted stock units (RSUs), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-01
- Transaction type/code: Award/Grant (A) — 32 shares acquired at $0.00
- Report filed: 2026-06-03 (no indication in the filing that it was late)
- Shares owned after transaction: Not specified in the reported Form 4
- Footnotes: F1 = dividend-equivalent rights from a cash dividend on RSUs (subject to same RSU terms); F2 = includes shares acquired under the company's Dividend Reinvestment Program
Context Dividend-equivalent awards are common for executives holding RSUs: instead of cash, the company credits additional shares (or equivalent) tied to dividend payments on the underlying RSUs. This is a routine compensation adjustment rather than a directional buy or sell signal by the insider.