Form 4: Director Bosworth Acquires SBSI Shares via Dividend Rights

Southside Bancshares Director Michael J. Bosworth acquired 25 shares of common stock through dividend equivalent rights on restricted stock units.

Summary

• Michael J. Bosworth, a Director of Southside Bancshares Inc. (SBSI), acquired 25 shares of common stock.
• The acquisition occurred on December 4, 2025, and was reported on December 8, 2025.
• These 25 shares represent dividend equivalent rights received pursuant to a cash dividend on Restricted Stock Units (RSUs) held by Mr. Bosworth.
• The dividend equivalent rights are subject to the same terms and conditions as the underlying RSUs.
• Following this transaction, Mr. Bosworth directly beneficially owns 82,876 shares of common stock.
• Additionally, Mr. Bosworth indirectly beneficially owns 16,179 shares of common stock through Bosworth & Associates Inc.

Sentiment

Score: 6

Explanation: The acquisition of additional shares by a director, even if passive through dividend equivalent rights, generally indicates continued alignment with the company's performance and shareholder value, contributing to a slightly positive sentiment.

Positives

• A director's beneficial ownership of company stock increased, which can be viewed as a positive signal of alignment with shareholder interests.

Future Outlook

No forward-looking statements or guidance are provided in this insider transaction report.

Industry Context

Insider transactions, such as the acquisition of shares through dividend equivalent rights, are routine disclosures in the banking and financial services industry, reflecting compensation structures that often include equity awards.

Stakeholder Impact

• Shareholders may view the director's increased beneficial ownership as a minor positive signal, indicating management's continued stake in the company's success.

Key Dates

Recommendation

The filing reports a routine acquisition of shares by a director through dividend equivalent rights on restricted stock units. This is a passive increase in ownership and does not indicate a significant change in company fundamentals or strategic direction, thus a 'hold' recommendation is maintained.

Keywords

Southside Bancshares, SBSI, Michael J Bosworth, Form 4, Insider Transaction, Director Stock Acquisition, Dividend Equivalent Rights, Restricted Stock Units, Common Stock