Form 4: Director Calhoun Acquires SBSI Shares

Southside Bancshares Director Kirk A. Calhoun acquired 18 shares of common stock through dividend equivalent rights.

Summary

• Kirk A. Calhoun, a Director of Southside Bancshares Inc. (SBSI), acquired 18 shares of common stock.
• The transaction occurred on September 4, 2025, and was reported on September 8, 2025.
• These shares were received as dividend equivalent rights pursuant to a cash dividend on Restricted Stock Units (RSUs) held by Mr. Calhoun.
• The dividend equivalent rights are subject to the same terms and conditions as the underlying RSUs.
• Following this transaction, Mr. Calhoun directly owns 16,804 shares of common stock and indirectly owns 1,063 shares through an IRA.

Sentiment

Score: 6

Explanation: The transaction is routine and expected, reflecting an increase in insider ownership, which is generally viewed as a neutral to slightly positive signal.

Positives

• Director Kirk A. Calhoun increased his beneficial ownership in Southside Bancshares Inc. by 18 shares.
• The acquisition of shares through dividend equivalent rights indicates ongoing RSU holdings and participation in company dividends, aligning insider interests with shareholders.

Negatives

• No direct negative aspects are reported in this routine Form 4 filing.

Risks

• No specific risks are mentioned in this Form 4 filing, which primarily reports a transaction.

Future Outlook

The filing does not contain specific forward-looking statements or guidance.

Management Comments

• No direct quotes or paraphrased statements from management are included in this Form 4 filing.

Industry Context

This Form 4 filing reports a routine insider transaction for a director of a financial institution. Such transactions are common for executives and directors who receive equity compensation or participate in dividend reinvestment plans. It reflects ongoing insider ownership in Southside Bancshares Inc., a regional bank.

Comparison to Industry Standards

• This filing reports a standard insider transaction (acquisition of shares via dividend equivalent rights) for a director of a publicly traded company.
• It aligns with typical compensation structures and reporting requirements for corporate insiders in the banking sector.
• No specific comparable companies, projects, or results are mentioned in the filing itself for direct comparison.

Related Party Transactions

• This filing details the acquisition of shares by a director (an insider) of the company, which constitutes a related party transaction.

Stakeholder Impact

• Shareholders: Increased insider ownership may be viewed positively as it further aligns management interests with shareholder interests.
• Employees: No direct impact on employees is indicated by this transaction.
• Customers: No direct impact on customers is indicated by this transaction.
• Suppliers: No direct impact on suppliers is indicated by this transaction.
• Creditors: No direct impact on creditors is indicated by this transaction.

Next Steps

• No specific future actions, events, or milestones are mentioned in this Form 4 filing.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary acquisition of a small number of shares by a director through dividend equivalent rights. It does not indicate a significant change in the company's fundamentals or strategic direction that would warrant a change in investment recommendation. It simply reflects ongoing insider ownership and participation in existing equity compensation plans.

Keywords

Southside Bancshares Inc., SBSI, Kirk A. Calhoun, Director, Form 4, Insider Trading, Stock Acquisition, Dividend Equivalent Rights, Restricted Stock Units, Beneficial Ownership