SouthState Bank Corp (SSB) COO details RSU vesting and 939-share tax withholding
Rhea-AI Filing Summary
SouthState Bank Corp's Chief Operating Officer reported routine equity transactions. On 01/01/2026, three tranches of time-vested restricted stock units (RSUs) vested, resulting in the issuance of 880, 964, and 907 shares of common stock at an effective price of $0.00 per share. These RSUs were originally granted in 2023, 2024, and 2025 and vest in equal annual installments each January 1 over three years.
On the same date, 939 shares of common stock were withheld at a price of $94.11 per share to satisfy tax obligations related to these equity awards under Rule 16(b)-3. After these transactions, the officer directly beneficially owned 35,671 shares of SouthState Bank Corp common stock.
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FAQ
What insider transaction did SouthState Bank Corp (SSB) report for 01/01/2026?
The Chief Operating Officer of SouthState Bank Corp reported the vesting of three time-based RSU grants on 01/01/2026, issuing 880, 964, and 907 common shares, along with a related tax share withholding of 939 shares.
How many SouthState Bank Corp (SSB) shares does the COO own after the reported Form 4 transactions?
Following the RSU vesting and tax share withholding on 01/01/2026, the Chief Operating Officer directly beneficially owned 35,671 shares of SouthState Bank Corp common stock.
What were the details of the RSU vesting reported by the SouthState COO?
Three time-vested RSU awards vested on 01/01/2026, originally granted on 01/24/2023, 01/23/2024, and 01/21/2025, each vesting at a rate of one third on successive January 1 dates and resulting in 880, 964, and 907 common shares being issued.
Why were 939 SouthState Bank Corp (SSB) shares disposed of at $94.11 on 01/01/2026?
The 939 shares reported as disposed of at $94.11 per share on 01/01/2026 were withheld to cover the tax liability associated with the RSU shares issued in accordance with Rule 16(b)-3.
Which SouthState Bank Corp executive filed this Form 4 and what is their role?
The Form 4 relates to an officer of SouthState Bank Corp who serves as Chief Operating Officer and reports the equity transactions as a direct owner of the common stock.
How are the SouthState Bank Corp RSUs structured for vesting over time?
The RSUs referenced were time-vested awards that each vest in one-third increments on January 1 over three consecutive years following the respective grant dates in 2023, 2024, and 2025.