DAVIS SUNI M 4

What Happened

• Davis Suni, Chief Treasury Officer of Southside Bancshares (SBSI), received 933 shares on March 17, 2026 as the settlement of performance-based restricted stock units (PSUs). The award was recorded at $0.00 per share (grant/settlement).
• To satisfy tax withholding, 227 of those shares were surrendered/withheld at $29.94 per share, a withholding value of $6,796. After withholding, the reporting person received a net 706 shares (933 granted − 227 withheld). This is an award settlement rather than an open-market purchase or sale.

Key Details

• Transaction date: March 17, 2026; Form 4 filed March 18, 2026 (appears timely).
• Award: 933 shares (code A) at $0.00 — settlement of PSUs.
• Withholding: 227 shares (code F) disposed at $29.94 each for taxes; total ~$6,796.
• Net shares delivered to insider: 706 shares.
• Footnote: These PSUs were granted Feb 2, 2023 and were earned based on ROATCE performance metrics and continued employment (per filing footnote).
• Shares owned after transaction: not specified in the summary data provided.

Context

• This was a routine settlement of earned PSUs and a tax-withholding surrender, not an open-market sale or purchase. Tax-withholding dispositions are common in equity compensation settlements and do not necessarily indicate a change in the insider’s view of the company.