secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHSIDE BANCSHARES INC (SBSI)
CIK:        0000705432
Form:       8-K
Filed at:   2022-02-08T23:59:59+00:00
Accession:  0000705432-22-000010
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Southside Bancshares grants RSUs and PSUs to five executive officers under 2017 Plan
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- CEO Lee R. Gibson granted 3,248 RSUs and target 3,248 PSUs (35% of base salary).
- CFO Julie N. Shamburger granted 1,439 RSUs and target 1,439 PSUs (27% of base salary).
- RSUs vest in three equal annual installments; PSUs cliff vest after three years based on ROATCE relative to KRX index.
- PSU payout ranges from 50% (25th percentile) to 150% (75th percentile) with straight-line interpolation; none below threshold.
- Other executives: Tim Alexander, Brian K. McCabe, T.L. Arnold, Jr. each received awards at 25% of base salary.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/705432/000070543222000010/0000705432-22-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/705432/000070543222000010/sbsi-20220203.htm
  HTML page:      https://secwatch.observer/filing/0000705432-22-000010

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer