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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock | 880 | $0.00 | -- |
| Exercise | Common Stock | 964 | $0.00 | -- |
| Exercise | Common Stock | 907 | $0.00 | -- |
| Tax Withholding | Common Stock | 939 | $94.11 | $88K |
Footnotes (1)
- Number of common shares issued pursuant to the time vested RSU vested on 1/1/2026; RSU were awarded on 1/24/2023, vesting at a rate of one third on each January 1st, 2024, 2025 and 2026. Number of common shares issued pursuant to the time vested RSU vested on 1/1/2026; RSU were awarded on 1/23/2024, vesting at a rate of one third on each January 1st, 2025, 2026 and 2027. Number of common shares issued pursuant to the time vested RSU vested on 1/1/2026; RSU were awarded on 1/21/2025, vesting at a rate of one third on each January 1st, 2026, 2027 and 2028. Withholding of shares to pay tax liability applicable to securities issued in accordance with Rule 16(b)-3.
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.
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.
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.