SBSI Director Kirk A. Calhoun Receives 20-Share Award

What Happened Kirk A. Calhoun, a director of SOUTHSIDE BANCSHARES INC (SBSI), was granted 20 shares on 2026-09-03. The reported price is $0.00, indicating these shares were received as dividend-equivalent rights tied to existing restricted stock units (RSUs), not bought with new cash.

Key Details

• Transaction date: 2026-09-03; Filing date: 2026-09-08.
• Shares acquired: 20; reported price: $0.00; reported total value: $0 (non-cash award).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: The 20 shares reflect dividend equivalent rights from a cash dividend on RSUs; these rights follow the same terms as the underlying RSUs.
• Filing timing: Reported 5 days after the transaction—this may be late relative to the standard two-business-day Form 4 reporting window.

Context Dividend-equivalent awards are commonly paid on RSUs and convert to shares or cash under the same terms as the RSUs; they are a form of compensation rather than an open-market purchase or sale. Such awards are routine and do not, by themselves, indicate the insider is buying or selling stock for investment purposes.