Southside Bancshares (SBSI) director receives 14-share RSU dividend grant
Filing Impact
Filing Sentiment
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 Trade Summary
1 transaction reported
Mixed
1 txn
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)
- [object Object]
Key Figures
Shares granted: 14 shares
Grant price per share: $0.00 per share
Shares owned after transaction: 9,749 shares
+1 more
4 metrics
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
Key Terms
dividend equivalent rights, RSUs, grant, award, or other acquisition, Common Stock
4 terms
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.