SouthState Bank (NASDAQ: SSB) CFO receives new PSU and RSU awards
Rhea-AI Filing Summary
SouthState Bank Corp Chief Financial Officer William E. Matthews V reported new equity awards in the form of performance and restricted share units. On 01/20/2026 he was granted 6,071 Performance Share Units at a reference price of $96.88, which will vest after a three-year performance period ending December 31, 2028 and are exchangeable into common stock on a 1-for-1 basis after vesting.
He was also granted 4,047 time-vested Restricted Share Units at the same $96.88 reference price, vesting in three equal installments on January 1, 2027, 2028 and 2029, each RSU also convertible into one share of common stock after vesting. Following these awards, he beneficially owned 22,061 Performance Share Units and 7,587 Restricted Share Units, all held directly.
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FAQ
What insider transaction did SouthState Bank Corp (SSB) report for its CFO?
SouthState Bank Corp reported that its Chief Financial Officer, William E. Matthews V, received new equity awards on 01/20/2026, consisting of Performance Share Units and Restricted Share Units that are each exchangeable into common stock on a 1-for-1 basis after vesting.
How many Performance Share Units were granted to the SouthState (SSB) CFO?
The CFO was granted 6,071 Performance Share Units (PSUs) at a reference price of $96.88. After this grant, he beneficially owned 22,061 PSUs, held directly.
What is the vesting schedule for the Performance Share Units granted to SSBs CFO?
The Performance Share Units awarded on 01/20/2026 will vest following a three-year performance period ending December 31, 2028. Once vested, each unit can be exchanged for one share of SouthState common stock.
How many Restricted Share Units did the SouthState (SSB) CFO receive and when do they vest?
The CFO received 4,047 Restricted Share Units (RSUs) at a reference price of $96.88. These RSUs vest in three equal installments on January 1, 2027, January 1, 2028, and January 1, 2029, and each RSU is exchangeable for one share of common stock after vesting.
How many Restricted Share Units does the SouthState Bank Corp (SSB) CFO hold after this Form 4?
Following the reported transaction, the CFO beneficially owned 7,587 Restricted Share Units, all held in direct ownership.
Are the equity awards to the SouthState (SSB) CFO reported as direct or indirect ownership?
The Form 4 indicates that both the Performance Share Units and Restricted Share Units are held under direct (D) ownership by the CFO.
Did the SouthState (SSB) Form 4 mention any reason for the filing timing?
Yes. The remarks section states that the timing of the filing was due to an administrative delay.