Director at Southside Bancshares (SBSI) gets 18 dividend-equivalent shares
Rhea-AI Filing Summary
Southside Bancshares director Lawrence Lazelle Anderson reported a small, compensation-related change in his holdings. He acquired 18 shares of Common Stock at $0.00 per share as a grant of dividend equivalent rights on existing RSUs, so this was not an open-market purchase. After this award, he holds 5,493 shares directly and 15,929 shares indirectly through the Lawrence L Anderson Spousal Trust, indicating a routine adjustment to his equity position rather than a discretionary trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
ANDERSON LAWRENCE LAZELLE
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 18 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,493 shares (Direct);
Common Stock — 15,929 shares (Indirect, Lawrence L Anderson Spousal Trust)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 18 shares
Grant price: $0.00 per share
Direct holdings after: 5,493 shares
+2 more
5 metrics
Shares granted
18 shares
Dividend equivalent rights on RSUs, Common Stock
Grant price
$0.00 per share
Dividend equivalent rights on RSUs
Direct holdings after
5,493 shares
Common Stock held directly after award
Indirect holdings after
15,929 shares
Common Stock held via Lawrence L Anderson Spousal Trust
Acquire transactions
1 transaction
Form 4 transaction summary, code A
Key Terms
dividend equivalent rights, RSUs, spousal trust, Grant, award, or other acquisition
4 terms
dividend equivalent rights financial
"Reflects dividend equivalent rights received pursuant to a cash dividend on RSUs held by the reporting person."
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
"Dividend equivalent rights are subject to the same terms and conditions as the underlying RSUs."
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.
spousal trust financial
"nature_of_ownership": "Lawrence L Anderson Spousal Trust""
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did SBSI director Lawrence Lazelle Anderson report?
Lawrence Lazelle Anderson reported acquiring 18 shares of Southside Bancshares common stock. These were dividend equivalent rights tied to existing RSUs, not an open-market purchase, representing a routine compensation-related adjustment to his equity holdings.