SBSI Director Jeb Weldon Receives 14 Shares as Dividend Equivalents

What Happened

• Jeb Weldon, a director of SOUTHSIDE BANCSHARES INC (SBSI), was reported as acquiring 14 shares on 2026-09-03. The transaction is recorded as an award/acquisition (code A) at $0.00 per share (total reported value $0). This reflects dividend equivalent rights credited on restricted stock units (RSUs), not an open-market purchase.

Key Details

• Transaction date: 2026-09-03; Filing date (Form 4): 2026-09-08.
• Price: $0.00 per share; 14 shares acquired; total reported cash value $0.
• Shares owned after the transaction: not disclosed in the provided filing.
• Footnote: Dividend equivalent rights were received pursuant to a cash dividend on RSUs held by the reporting person; these rights are subject to the same terms and conditions as the underlying RSUs (per F1).
• Filing timeliness: The Form 4 was filed five days after the transaction date, which appears to be outside the standard two-business-day filing window.

Context

• Dividend-equivalent shares are issued to mirror cash dividends on RSUs and do not involve an open-market purchase or direct cash outlay by the insider; they are administrative awards tied to existing equity awards. Such transactions are typically routine and do not necessarily signal a change in insider sentiment. The filing references a Power of Attorney (EX-24) in the remarks.