Form 4: Southside Bancshares CFO Receives Dividend Equivalent Rights

Southside Bancshares Inc. CFO Julie Shamburger reported the acquisition of 69 common shares through dividend equivalent rights.

Summary

• Julie Shamburger, CFO of Southside Bancshares Inc. (SBSI), reported a change in beneficial ownership.
• On September 4, 2025, Ms. Shamburger acquired 69 shares of common stock.
• These shares were received as dividend equivalent rights on Restricted Stock Units (RSUs) held by the reporting person, with a transaction price of $0.
• Dividend equivalent rights are subject to the same terms and conditions as the underlying RSUs.
• Following this transaction, Ms. Shamburger directly owns 28,751 shares of common stock.
• Indirect holdings include 4,787 shares in a 401k SSB Trust, 4,157 shares by ESOP, 3,250 shares in a Spouse IRA, and 3,787 shares in an IRA.
• The indirect holdings in the 401k SSB Trust and ESOP include shares acquired under the Company's Dividend Reinvestment Program.

Sentiment

Score: 6

Explanation: The sentiment is mildly positive as it reflects a routine, non-sale transaction where an executive's share count increased due to dividend equivalents, indicating ongoing RSU holdings and dividend payments by the company.

Positives

• The acquisition of 69 shares through dividend equivalent rights indicates that the company is paying dividends, which is generally a positive sign for investors.
• The continued accumulation of shares by a key executive, even through dividend reinvestment, demonstrates ongoing alignment of management interests with shareholders.

Future Outlook

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

Industry Context

This Form 4 filing is a routine disclosure of an insider's change in beneficial ownership, specifically related to dividend equivalent rights. It does not provide broader industry context or strategic updates for the banking sector.

Stakeholder Impact

• Shareholders: Provides transparency regarding executive ownership and the mechanism of RSU compensation and dividend distribution. Shows continued alignment of executive interests with shareholder value through dividend reinvestment.

Key Dates

Keywords

Southside Bancshares, SBSI, Julie Shamburger, CFO, Form 4, Insider Transaction, Dividend Equivalent Rights, Restricted Stock Units, Common Stock, Beneficial Ownership, Financial Services, Banking