SOUTHSIDE BANCSHARES (SBSI) Chief Banking Officer Receives Award

What Happened Anthony Sherri, Chief Banking Officer of SOUTHSIDE BANCSHARES, was reported to have acquired 28 shares on 2026-09-03. The transaction is recorded as an award/acquisition (code A) at $0.00 per share (total reported value $0), reflecting dividend-equivalent rights tied to RSUs rather than an open-market purchase.

Key Details

• Transaction date: 2026-09-03; filing date: 2026-09-08 (filed 5 days after the transaction; appears later than the typical 2-business-day Form 4 window).
• Reported transaction: 28 shares acquired, $0.00 per share, total $0.
• Footnote F1: 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.
• Footnote F2: Includes shares acquired under the Company’s Dividend Reinvestment Program.
• Shares owned after the transaction: not specified in the filing.
• Remarks: Power of Attorney referenced (EX-24).

Context Dividend-equivalent awards on RSUs are a form of compensation or reinvestment, not a cash purchase or sale. They typically occur automatically when a company pays dividends on unvested equity and do not by themselves indicate the insider’s buying or selling intent. The shares may remain subject to the original RSU terms (vesting, transfer restrictions).