SouthState (SSB) president reports RSU vesting and tax share withholding
Rhea-AI Filing Summary
SouthState Bank Corp President Murray Richard IV reported routine equity compensation activity in company stock. On January 24, 2026, he acquired 2,057 shares of common stock at $0.00 per share from time-vested Restricted Share Units that vested that day. These RSUs were granted on January 24, 2023 and vest in three equal installments on the 2024, 2025, and 2026 anniversaries of the grant.
Also on January 24, 2026, 916 shares of common stock were withheld at $100.19 per share to cover tax liabilities related to the vested RSUs. After these transactions, Richard directly owned 63,168 shares of SouthState Bank Corp common stock.
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FAQ
What insider activity did SouthState Bank Corp (SSB) report for January 24, 2026?
SouthState Bank Corp reported that President Murray Richard IV had 2,057 common shares issued upon vesting of Restricted Share Units and 916 shares withheld to cover taxes on January 24, 2026.
Did the SouthState Bank (SSB) president sell shares on the open market?
The filing shows shares issued from vested RSUs and a withholding of 916 shares to pay tax liabilities. It does not show an open-market sale; the withholding is treated as a disposition for tax purposes.
How many SouthState Bank Corp (SSB) shares does Murray Richard IV own after these transactions?
Following the January 24, 2026 transactions, President Murray Richard IV directly owned 63,168 shares of SouthState Bank Corp common stock.
What triggered the 2,057-share issuance to the SouthState Bank president?
The 2,057 common shares were issued when time-vested Restricted Share Units granted on January 24, 2023 vested on January 24, 2026, as part of a three-year vesting schedule.
Why were 916 SouthState Bank (SSB) shares withheld from the president?
The 916 shares were withheld to pay tax liabilities associated with the vested RSUs, in a transaction structured under Rule 16(b)-3.
What role does Murray Richard IV hold at SouthState Bank Corp (SSB)?
According to the filing, Murray Richard IV is an officer of SouthState Bank Corp, serving as its President.