SOUTHSIDE BANCSHARES (SBSI) CRO Anne Martinez Receives 44 Shares

What Happened

• Anne Martinez, Chief Risk Officer (CRO) of SOUTHSIDE BANCSHARES INC (SBSI), was issued 44 shares on 2026-09-03 as an award/acquisition. The shares were recorded at $0.00 per share (total reported value $0) and reflect dividend-equivalent rights tied to RSUs rather than an open-market purchase.

Key Details

• Transaction date: 2026-09-03 — 44 shares acquired at $0.00 per share (total $0).
• Filing date / accession: Form filed 2026-09-08 (5 days after the transaction date); this may be outside the standard 2-business-day Form 4 window.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes:
  • F1: These 44 shares reflect dividend-equivalent rights from a cash dividend on RSUs and are subject to the same terms as the underlying RSUs.
  • F2/F3: Other holdings mentioned include shares from the company’s Dividend Reinvestment Program and monthly payroll contributions.
• Remarks: Power of Attorney referenced (EX-24).

Context

• Dividend-equivalent share awards are distributions tied to existing RSUs and are not the same as a purchase; they generally reflect the company paying out dividend equivalents on deferred compensation. Such awards are routine and do not necessarily signal a change in the insider’s market view.
• Because the reported per-share price is $0.00, no cash changed hands in this reported transaction.