Form 4: Southside Bancshares Director Susan Elaine Anderson Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
Director Susan Elaine Anderson reported the acquisition of dividend equivalent rights related to restricted stock units (RSUs) in Southside Bancshares.
Summary
- On September 5, 2024, Susan Elaine Anderson, a director of Southside Bancshares Inc., reported acquiring 16 dividend equivalent rights related to RSUs.
- These rights were acquired at a price of $0.
- Following the transaction, Anderson directly owns 10,045 shares of common stock and indirectly owns 23,143 shares through a Spousal IRA and 681 shares through an IRA.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction, which is neutral in sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it involves dividend equivalent rights related to existing RSUs.
Key Dates
| Date | Description |
|---|---|
| 09/05/2024 | Date of transaction: Acquisition of dividend equivalent rights |
| 09/09/2024 | Date of signature on the report |
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