A Form 4 filed with the SEC on August 18, 2026 discloses that Hilliard J. Shands, a director of Southside Bancshares Inc. (NYSE:SBSI), acquired 6,525 shares of common stock on June 24, 2026 at a price of $0 per share through a transaction coded "W."

Key Highlights

  • Reporting person: Hilliard J. Shands, identified as a Director of Southside Bancshares Inc.
  • Transaction: 6,525 shares of common stock acquired (coded "W") on June 24, 2026 at $0 per share.
  • Direct ownership after transaction: 42,166 shares held directly following the reported transaction.
  • Indirect holdings: 201,952 shares held indirectly via a Spousal Trust, 6,795 shares via an IRA, and 5,721 shares via a Spouse IRA.
  • Filing signed: by Austin Fleet as attorney in fact on August 18, 2026, with reference to an attached Power of Attorney (EX-24).

Shands Acquires 6,525 Shares of Southside Bancshares Common Stock at No Cost

According to the Form 4 filed on August 18, 2026, Hilliard J. Shands, a director of Southside Bancshares Inc. (NYSE:SBSI), reported a single transaction in Table I involving non-derivative securities. On June 24, 2026, Shands acquired 6,525 shares of common stock under transaction code "W" at a stated price of $0 per share. The filing does not provide additional explanatory text identifying the nature of the "W" coded transaction beyond the code itself.

Following the reported transaction, the filing discloses that Shands directly owns 42,166 shares of common stock. In addition to direct holdings, the filing reports three categories of indirect beneficial ownership: 201,952 shares held through a Spousal Trust, 6,795 shares held through an IRA, and 5,721 shares held through a Spouse IRA. No derivative securities were reported in Table II of the filing.

The form was signed by Austin Fleet as attorney in fact on August 18, 2026, with the filing noting a Power of Attorney attached as Exhibit 24. The form was filed by one reporting person and is not designated as an amendment to a prior filing.

What Was Disclosed

The filing reports a June 24, 2026 acquisition of 6,525 shares of Southside Bancshares common stock at $0 by director Hilliard J. Shands, bringing his direct holdings to 42,166 shares, with additional indirect holdings across three separate accounts totaling 214,468 shares.