Form 4: Southside Bancshares Officer Gains Shares

Southside Bancshares Chief Banking Officer Sherri Anthony acquired 17 shares of common stock through dividend equivalent rights, increasing her direct beneficial ownership to 4,326 shares.

Summary

• Sherri Anthony, Chief Banking Officer of SOUTHSIDE BANCSHARES INC (SBSI), reported a transaction on December 4, 2025.
• Anthony acquired 17 shares of Common Stock directly.
• The acquisition was for $0 per share and reflects dividend equivalent rights received pursuant to a cash dividend on Restricted Stock Units (RSUs) held by Anthony.
• These dividend equivalent rights are subject to the same terms and conditions as the underlying RSUs.
• Following this transaction, Anthony directly beneficially owns 4,326 shares of Common Stock.
• Additionally, Anthony indirectly beneficially owns 563 shares of Common Stock through an ESOP, which includes shares acquired under the Company's Dividend Reinvestment Program.
• The transaction was made pursuant to a Rule 10b5-1(c) pre-planned contract, instruction, or written plan.

Sentiment

Score: 6

Explanation: The acquisition of shares by a key officer, even through dividend equivalents, generally indicates continued alignment with the company's performance and a positive outlook from management. The transaction itself is small and passive, thus not strongly positive but not negative.

Positives

• An insider, the Chief Banking Officer, increased her direct beneficial ownership of common stock, signaling continued alignment with the company's performance.
• The acquisition of shares through dividend equivalent rights indicates the reporting person holds existing Restricted Stock Units, a form of long-term incentive compensation.

Industry Context

This Form 4 filing reports an insider transaction, which is a routine disclosure for publicly traded companies. It reflects an individual officer's change in beneficial ownership and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: May view the increase in insider ownership, even if passive, as a minor positive signal of management's alignment with shareholder interests.

Key Dates

Keywords

SOUTHSIDE BANCSHARES, SBSI, Form 4, Insider Transaction, Stock Acquisition, Dividend Equivalent Rights, Chief Banking Officer, Restricted Stock Units, ESOP, Dividend Reinvestment Program