SouthState CFO granted PSUs and RSUs
SouthState Bank Corp Chief Financial Officer William E. Matthews V reported new equity awards in the form of performance and restricted share units.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Units | 6,071 | $96.88 | $588K |
| Grant/Award | Restricted Share Units | 4,047 | $96.88 | $392K |
Footnotes (2)
- F1. Number of Performance Share Units ("PSUs") at target awarded on 1/20/26. The awards will vest following the 3-year performance period ending December 31, 2028. The units are exchangeable with the Company's common stock at the exchange rate of 1 for 1 after the vesting date.
- F2. Number of time-vested Restricted Share Units ("RSUs") awarded on 1/20/26. The awards will vest at a rate of one third on each January 1st, 2027, 2028 and 2029. The units are exchangeable with the Company's common stock at the exchange rate of 1 for 1 after the vesting date.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.