Craddock John Mitchell Jr. 4
Research Summary
AI-generated summary
Southside Bancshares (SBSI) COO John Craddock Receives Award
What Happened
- John Mitchell Craddock Jr., Chief Operating Officer of Southside Bancshares, received 63 shares on March 5, 2026. The reported acquisition price is $0.00, reflecting dividend-equivalent shares issued in connection with RSUs (total reported value $0).
- This was an award/acquisition (not an open-market purchase or sale) and is typically a routine corporate issuance rather than a direct cash investment by the insider.
Key Details
- Transaction date: 2026-03-05; Form 4 filed: 2026-03-09 (filed within two business days of the transaction).
- Transaction type/code: A (award/acquisition); Shares received: 63; Price per share: $0.00; Reported dollar value: $0.
- Shares owned after transaction: Not specified in the information provided in this filing.
- Footnotes: F1 — these 63 shares reflect dividend-equivalent rights paid on RSUs and are subject to the same terms as the underlying RSUs. F2 — (general note) amounts may include ESOP contributions, forfeiture allocations and dividend reinvestment.
- No 10b5-1 plan, tax-withholding sale, or immediate sale of shares is indicated in this filing.
Context
- Dividend-equivalent rights convert cash dividends on restricted stock units into additional RSU shares; receiving such shares is a routine way companies pass dividend value to RSU holders and does not involve the insider spending cash to buy shares.
- Awards like this are common and typically reflect employee compensation mechanics rather than a direct signal of the insider’s buying or selling intent.