SouthState (SSB) director reports 628 RSUs on initial Form 3
Rhea-AI Filing Summary
SouthState Bank Corp director Benjamin E. Sasse filed an initial Form 3 disclosing his equity interests in the company. The filing shows he beneficially owns 628 time-vested restricted share units (RSUs) tied to SouthState common stock and 0 shares of common stock directly.
The RSUs were granted on 1/21/2026 as the stock component of his prorated annual director fees. According to the disclosure, these units will cliff vest six months from the grant date, providing share-based compensation that aligns his interests with shareholders over that period.
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FAQ
What does SouthState Bank Corp (SSB) director Benjamin E. Sasse report on this Form 3?
The Form 3 shows that Benjamin E. Sasse, a director of SouthState Bank Corp, initially reports beneficial ownership of 628 restricted share units (RSUs) and 0 shares of common stock held directly.
How many restricted share units does Benjamin E. Sasse hold in SouthState (SSB)?
The filing discloses that he beneficially owns 628 restricted share units that are tied to SouthState Bank Corp common stock.
When do Benjamin E. Sasse’s SouthState RSUs vest?
The RSUs were granted on 1/21/2026 and, per the footnote, will cliff vest six months from the grant date as part of his annual director fee arrangement.
Does Benjamin E. Sasse own any SouthState Bank Corp common stock directly?
Table I of the filing lists 0.00 shares of common stock as directly owned by Benjamin E. Sasse.
Is this SouthState (SSB) Form 3 reporting a transaction or just initial holdings?
This Form 3 serves as an initial statement of beneficial ownership, listing Benjamin E. Sasse’s RSU award and his current direct common stock position of zero shares.
How were the RSUs described in relation to SouthState’s director compensation?
The footnote explains that the time-vested RSUs were granted on 1/21/2026 as part of the stock component of the annual director fees (prorated).