STOCK TITAN

Southside Bancshares (SBSI) director receives 14-share RSU dividend grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Southside Bancshares Inc. director Shannon Dacus received 14 shares of Common Stock as a grant tied to existing RSUs. The shares were acquired on June 1, 2026 at a stated price of $0.00 per share, reflecting dividend equivalent rights from a cash dividend on previously granted RSUs. After this award, Dacus directly owns 9,749 shares of Southside Bancshares common stock.

Positive

  • None.

Negative

  • None.
Insider Dacus Shannon
Role null
Type Security Shares Price Value
Grant/Award Common Stock 14 $0.00 --
Holdings After Transaction: Common Stock — 9,749 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Shares granted 14 shares Common Stock grant on June 1, 2026
Grant price per share $0.00 per share Stated transaction price for the award
Shares owned after transaction 9,749 shares Total direct holdings following the grant
Transactions acquiring shares 1 transaction Single grant/award acquisition reported in Form 4
dividend equivalent rights financial
"Reflects dividend equivalent rights received pursuant to a cash dividend on RSUs held"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
RSUs financial
"cash dividend on RSUs held by the reporting person"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Dacus Shannon

(Last)(First)(Middle)
1201 S. BECKHAM AVE

(Street)
TYLER TEXAS 75701

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
SOUTHSIDE BANCSHARES INC [ SBSI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/01/2026A14(1)A$09,749D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Reflects dividend equivalent rights received pursuant to a cash dividend on RSUs held by the reporting person. Dividend equivalent rights are subject to the same terms and conditions as the underlying RSUs.
Remarks:
Lindsey Bibby Bailes, attorney in fact06/03/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Southside Bancshares (SBSI) director Shannon Dacus report?

Director Shannon Dacus reported receiving 14 shares of Southside Bancshares Common Stock as a grant. The award represents dividend equivalent rights connected to a cash dividend on existing RSUs and was not an open-market purchase or sale.

Was the Southside Bancshares (SBSI) Form 4 transaction a stock purchase or sale?

The Form 4 transaction was an acquisition through a grant, not a market trade. Dacus received 14 shares at a stated price of $0.00 per share as dividend equivalent rights linked to outstanding RSUs.

How many Southside Bancshares (SBSI) shares does Shannon Dacus hold after this Form 4?

After this grant, Shannon Dacus directly holds 9,749 shares of Southside Bancshares Common Stock. This total includes the 14 shares received as dividend equivalent rights tied to a cash dividend on RSUs.

What are dividend equivalent rights mentioned in the Southside Bancshares (SBSI) Form 4?

Dividend equivalent rights give RSU holders additional rights when cash dividends are paid. In this case, Dacus received 14 shares of Common Stock as dividend equivalent rights, subject to the same terms and conditions as the underlying RSUs.

Does the Southside Bancshares (SBSI) Form 4 indicate any derivative or option exercises?

The Form 4 does not show any option or other derivative exercises. It reports only a non-derivative grant of 14 Common Stock shares as dividend equivalent rights related to RSUs already held by the reporting person.