Form 4: Southside Bancshares Director Calhoun Acquires Additional Shares Through Dividend Equivalent Rights

Director Kirk A. Calhoun of Southside Bancshares Inc. reports acquiring 20 shares of common stock through dividend equivalent rights.

Summary

• On June 6, 2024, Kirk A. Calhoun, a director of Southside Bancshares Inc., acquired 20 shares of common stock.
• The acquisition was a result of dividend equivalent rights received pursuant to a cash dividend on restricted stock units (RSUs) held by Calhoun.
• The price per share was $0.
• Following the transaction, Calhoun directly owns 14,667 shares of Southside Bancshares Inc. common stock and indirectly owns 1,063 shares through an IRA.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction (acquisition of shares through dividend equivalent rights) by a company director, which is neither significantly positive nor negative. It's a neutral event in terms of sentiment.

Positives

• The acquisition of shares through dividend equivalent rights increases the director's stake in the company, aligning his interests with those of shareholders.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which is important for maintaining investor confidence.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it shows the director's continued investment in the company.

Key Dates